Banks pull Australia market down

Australian equity market finished session down on Wednesday, 06 September 2017, as tensions over North Korea continued to spook investors, with banks and financials leading the broader market losses after GDP figures failed to live up to expectations. At the close, the S&P/ASX 200 index closed 0.29%, or 16.23 points, lower at 5689.70, while the broader All Ordinaries index closed down 0.26%, or 14.92 points, at 5752.90. Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 616 to 541 and 351 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 5.61% to 14.318.

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