07262016Tue
Last update: Tue, 26 Jul 2016 11am

Australia

Markets - Equity - Australia

Australia shares end lower, led by banks SYDNEY: Australian shares ended lower on Friday, weighed down by sell-offs in the major banks. The S&P/ASX 200 index dropped 1.64 percent, or 83.385 points, to close at 4999.400. The Big Four Australian banks were a major drag on the index, led by a 2.6 percent fall in Commonwealth Bank of Australia and a 2.1 percent drop in National Bank of Australia. The close put the ASX down 1.5 percent for the week, the second negative week in a row.Bucking the negative trend were the global miners after China's manufacturing activity unexpectedly expanded in March for the first time in nine months. (Full Story) "That seems to be driving some buying into the material space," said Angus Nicholson, market analyst at IG in Melbourne.BHP Billiton and Rio Tinto both ended modestly higher, also helped by firmer copper prices. New Zealand's benchmark S&P/NZX 50 index closed 0.658 percent or 44.400 points ...

Markets - Equity - Australia

Australia shares hit one-month lows, NZ slips SYDNEY/WELLINGTON: Australian shares fell to their lowest in a month on Friday as bank stocks came under renewed pressure, while the New Zealand market snapped a run of record highs. The S&P/ASX 200 index shed 1.6 percent, or 81.2 points to 5,001.60 by 0220 GMT, having earlier fallen as far as 4,987.9 - a low last seen on March 2. The benchmark was on track to end the week down more than 1 percent. The ...

Markets - Equity - Australia

Australia shares steady near 1-month low, NZ shares hit new record MELBOURNE: Australian shares ended up 0.1 percent on Wednesday, having earlier plumbed a one-month low, but recaptured the 5000-point marker as sentiment steadied following comments by the Federal Reserve chair.Appetite revived for global riskier assets after Federal Reserve Chair Janet Yellen signalled a slower pace of rate increases this year, potentially keeping the cost of capital cheaper for longer.The S&P/ASX 200 index rose to 5010.3 points at the close of trade having earlier hit the ...

Markets - Equity - Australia

Australia shares see winning streak end, NZ hits another record SYDNEY: Australian shares ended a week-long winning streak and fell on Tuesday as investors took profits on banks and miners, while New Zealand shares rose to a new record. The S&P/ASX 200 index fell 34.8 points, or 0.7 percent, to 5,108.0 at the close of trade, its first decline in seven sessions.New Zealand's benchmark S&P/NZX 50 index added 27.8 points, or 0.4 percent, to finish the session at 6,446.7, its fourth day in a row ...

Markets - Equity - Australia

NZ stocks up as a2 Milk soars, Australia seen subdued SYDNEY: New Zealand stocks rose for a third session on Wednesday after upbeat results whipped shares in a2 Milk into a froth, while renewed weakness in oil prices could see a more subdued start for the Australian market.New Zealand's benchmark S&P/NZX 50 index rose 0.95 percent, or 57.46 points, to 6,132.83 in early trade. Underpinning the rally is a 26-percent surge in a2 Milk , which reported a jump in total revenue and lifted its ...

Markets - Equity - Australia

Australia shares see-saw, end higher on oil; NZ shares hold gains MELBOURNE: Australian shares climbed for a second day on Tuesday to hit the highest in a week, as a rebound by China and Hong Kong stockmarkets and in oil buoyed miners and energy companies. The S&P/ASX 200 index rose by 1.37 percent or 66.54 points to 4,910 points at the close of trade. The market hit a five-day high of 4,910. It had advanced by 1.64 percent on Monday.New Zealand's benchmark S&P/NZX 50 index climbed ...

Markets - Equity - Australia

Australia, NZ shares drop on global jitters, gold stocks shine MELBOURNE/WELLINGTON: Australian and New Zealand shares fell 1 percent on Friday as worries about global growth hauled down most stocks except gold miners, which continued to climb as gold prices surged to a one-year high. The S&P/ASX 200 index was down 49.78 points at 4,772.8 by 0220 GMT, erasing all of the previous session's gains. Analysts and investors said there was no sign of a turnaround given there was little that could drive economic growth, ...