Business Standard

Australia market crashes on weak offshore lead

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Capital Market
The Australian share market crashed after two days of gains on Thursday, 10 September 2015, as investors were booking recent gains after heavy losses on Wall Street overnight and pullback in commodity prices. Meanwhile, lacklustre Chinese and Japanese economic data and the RBNZ rate cut also sapped investors' appetite for riskier assets. All ASX sectors ended down, with shares of energy, materials, financials, utilities and telecom companies being major losers. The benchmark S&P/ASX 200 index stumbled 126.10 points, or 2.42%, to 5095 points. The broader All Ordinaries index ended down 119.90 points, or 2.29%, up at 5117.

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First Published: Sep 10 2015 | 6:01 PM IST

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