Aust stocks close lower

Weak US home sales data, tapering worries weigh on local market despite survey showing a lift in business conditions.

The Australian stock market has closed more than 1.2% lower after tapering worries and weaker than expected United States home sales data weighed on Wall Street.

At the 1615 AEDT official market close, the benchmark S&P/ASX200 index dropped 1.26% to 5,175.1 points, while the All Ordinaries index shed 1.26% to 5,188 points.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles