Aust stocks close lower

Local market falls as QBE plummets after flagging a $US250 million full-year loss, Chinese inflation misses expectations.

The Australian stock market closed weaker after QBE Insurance Group Ltd plummeted on flagging a full-year loss due to goodwill write-downs in its North American business.

At the 1615 AEDT official market close, the benchmark S&P/ASX200 index was 0.8% lower at 5,144.4 points, while the broader All Ordinaries index fell 0.73% to 5,148.4 points.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

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

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

Please untick this box when using a public or shared device

Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles