MARKETS SPECTATOR: Feeling chilly

A drop in capital expenditure, falling iron ore spot prices and Japanese institutional selling have contributed to the S&P/ASX200 Index's slide.

Australian stocks fell as much as 1.5 per cent after the Australian Bureau of Statistics reported capital expenditure in the country fell while an increase in building approvals raised concerns the economy will not be supported by further rate cuts.

At 1345 AEST the S&P/ASX200 Index was down 55.128, or 1.1 per cent, to 4,919.60, after earlier falling as low as 4,897.80.

{{content.question}}

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