Sydney, Sept 11 Australian shares finished 0.5 per cent lower in see-saw trading on Friday with broad-based losses as investors looked for direction ahead of next week’s US Federal Reserve meeting.
The S&P/ASX 200 index extended losses from Thursday, dropping 23.92 points to 5,071.1 points at close. It was up as much as 0.4 per cent in late morning trade.
Despite Friday’s losses, the index ended 0.6 per cent higher for the week. The previous week brought a 4.2 per cent drop, the biggest since June.
The benchmark has fallen 6.3 per cent this year and is trading around mid-2013 levels, largely due to losses in banks and miners.
New Zealand’s benchmark NZX 50 index fell 0.4 per cent or 22.76 points to finish the session at 5,648.23.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.