Australian shares ended little changed on Monday as concerns about the global economy undercut early buying momentum spurred by key trading partner China’s latest cut in interest rates.
After rising as much as 0.6 per cent in morning trading, the S&P/ASX 200 index backtracked to finish the session down 3.6 points or 0.1 per cent at 5,348.0.
The benchmark is down 1.2 per cent for the year so far and down 11 per cent from the 2015 peak it reached in March.
New Zealand’s share market was closed for a public holiday.
COMMENT NOW
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.