You are here

Australia: Shares close slightly lower, NZ stocks dip on China woes


[SYDNEY] Australian shares closed marginally lower on Tuesday as strength in the energy and healthcare sectors largely offset worries about China's economy.

The S&P/ASX 200 index ended down 0.1 per cent at 5,584.7 points, after falling nearly 1 per cent in early trade. The benchmark was on track for a 2.4 per cent gain for the month.

New Zealand's benchmark NZX 50 index dipped 0.4 per cent or 23.67 points to finish at 5,848.39.

Chinese shares whip-sawed between gains and losses on Tuesday, as Beijing scrambled once again to prop up a stock market whose wild gyrations have heightened fears about the financial stability of the world's second biggest economy.


BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to