Australia: Shares post sharpest fall in 4 weeks as central bank holds rates

[SYDNEY], June 2 (Reuters) - Australian shares fell the most in four weeks on Tuesday as tumbling commodity prices and the Reserve Bank of Australia's decision not to cut rates weighed on investors.

After opening slightly higher, the S&P/ASX 200 index soon changed course to close down 99.4 points or 1.7 per cent at 5636.0, its biggest one-day decline since May 6.

New Zealand's benchmark NZX 50 index rose 0.3 per cent or 18.8 points to finish the session at 5863.7.

REUTERS