Comments
Australian shares ended lower on Thursday, coming off a three-week peak set the previous day as investors turned cautious amid renewed worries about a Greek default.
The S&P/ASX 200 index shed 1.0 per cent or 54.1 points to 5,632.7, recoiling from a three-week high of 5,705.8 set in the previous session. It was the market’s first negative close this week.
New Zealand’s benchmark NZX 50 index finished 0.7 per cent or 42.2 points lower at 5,733.3.
Without a deal by Saturday, endorsed by Greek lawmakers and a vote in the German parliament on Monday, Greece may not get the cash to meet Tuesday's deadline to repay 1.6 billion euros to the International Monetary Fund or be declared in default, potentially putting it on a path out of the eurozone. (Reporting by Ian Chua; Editing by Simon Cameron-Moore)
Comments
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.