Australia: Shares close down for second week after hitting 6-month low
[SYDNEY] Australian shares edged down 0.58 per cent on Friday as gold and energy stocks took a beating and as investors took profits before the weekend.
The energy sector fell 3.2 per cent to a near 10-year low as global oil prices fell sharply.
The S&P/ASX 200 index fell 31.368 points to 5356.500 by the close of trade. The benchmark hit its lowest level since January in afternoon trading and had its second straight week of losses, falling 2.2 per cent on the week. Australian shares ended up slightly 0.1 per cent on Thursday.
New Zealand's benchmark NZX 50 index slipped 0.72 per cent or 41.24 points to finish the session at 5,696.450.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Syngenta to withdraw China IPO application on weak market: sources
Chinese firms’ fundraisings in limbo as IPOs scrutinised at home and abroad
Japan FX chief calls yen’s slump unusual, vows to act if needed
Trump’s meme stock is skyrocketing but for how long?
Europe: Stoxx 600 closes second-straight quarter with gains
US: Dow, S&P 500 end at records, adding to Q1 gains