Australia Stocks fall on weak offshore cues

Australian stock market declined on Monday, 04 August 2014, extending falling streak for second consecutive session, as profit taking in blue chip stocks emerged on tracking drop in Wall Street on Friday. Though, better-than-expected retail sales data capped broader losses. The benchmark S&P/ASX 200 Index dropped 15.50 points, or 0.28% to 5540.90, while the broader All Ordinaries Index sank 14.30 points, or 0.26%, to 5533.30.

Powered by Capital Market - Live News