Australia: Shares fall as oil slump wallops energy stocks
[SYDNEY] Australian shares fell the most in seven weeks on Friday, led by a brutal selloff in energy producers as the biggest drop in oil prices in three years stoked concerns about demand for the country's commodities.
The S&P/ASX 200 index closed down 1.6 per cent or 87.9 points at 5313.0, its biggest percentage drop since Oct 10. The energy sub-index slumped 7.6 per cent.
New Zealand's benchmark NZX 50 index fell 0.6 per cent or 30.9 points to finish the session at 5424.4.
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
Europe: Industrials boost Stoxx 600 as earnings season rolls in
US: Stocks end mostly lower after volatile session
US dollar rally stalls after rare FX warning from finance chiefs
Genting Singapore propels convincing Singapore market rebound; STI up 1.1%
Asia: Markets rise as traders consider US rate outlook
China reiterates need for steady yuan amid fragile confidence