Aust stocks slump over 1.8% on Fed taper talk

Local market extends losses in late trade on fresh QE uncertainty to fall below key 5000 psychological threshold.

The Australian stock market extended losses to fall almost 2% in late trade to sit below the key 5000 psychological threshold, as fresh uncertainty about the future of the US stimulus program weighed on investors.

At 1600 AEST, the benchmark S&P/ASX200 index fell 1.85% to 5,008.8 points, while the broader All Ordinaries index lost 1.8% to 4994 points.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

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

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

Related Articles