Australia: Shares fall the most in 3-1/2 months
[SYDNEY] Australian shares extended losses in the afternoon session to close down 1.6 per cent on Thursday as financials and material sectors slid, while energy-related shares surged as oil prices rose after Saudi air strikes in Yemen.
Brent crude oil prices shot up nearly 6 per cent on Thursday after Saudi Arabia and its Gulf Arab allies began a military operation in rebels Yemen.
The S&P/ASX 200 index fell 94.2 points to close at 5,879.1 points, its biggest fall since Dec 9. The benchmark closed nearly unchanged on Wednesday.
New Zealand's benchmark NZX 50 index fell 0.42 per cent or 24.6 points to finish at 5,833.17.
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: Stocks retreat on earnings gloom, weak US economic data
US: Stocks hit by GDP data, Meta results
Singapore stocks end lower after US market wobbles ahead of CPI data; STI down 0.2%
LSEG reports in-line first quarter as Microsoft partnership progresses
Japan brokerage Daiwa’s Q4 profit more than doubles as markets recover
South Korea readies new system to detect illegal short-selling