- Energy stocks fall the most in Australia
- All "big four" Australian lenders down
- NZ rises, Pushpay hits record high
Australian shares extended falls on Thursday as downbeat U.S economic data dashed hopes for a pickup in business activity, while an overnight slump in crude oil prices weighed on energy stocks.
The S&P/ASX 200 index (xjo) slipped for a second straight session and was down 0.53% to 5,356.2 by 1213 GMT.
Overnight, the S&P 500 .SPX and the Dow .DJI fell after data showed U.S. private employers laid off a record 20.236 million workers in April, and remarks by President Donald Trump that cast doubt on a trade deal signed in January with China.
In Australia, energy stocks .AXEJ were the top losers with a drop of more than 2%, after oil fell 4% to below $30 a barrel on Wednesday as U.S. crude stockpiles ticked up and diesel inventories swelled.
Oil Search Ltd (OSH) led the fall with a decline of 3.39%, followed by Santos Ltd (STO) , down 2.47%.
Fuel supplier Viva Energy (VEA) dropped up to 3% after posting a sharp decline in April jet fuel sales amid falling demand.
Gold stocks .AXGD slipped 1% to snap three straight sessions of gains, following a drop in bullion prices overnight.
Dacian Gold Ltd (DCN) shed nearly 5%, while index heavyweight Newcrest Mining (NCM) fell 1.6%.
Financial stocks .AXFJ fell 1.27% , tracking peers in the United States. The "big four" lenders slipped between 1% and 1.8%.
The number of issues on the ASX that advanced were 356 while 445 declined as a 0.8-to-1 ratio favoured decliners. There were 47 new highs and 38 new lows.
In New Zealand, the benchmark S&P/NZX 50 index (nz50) rose 0.45% to 10,620.2.
Mobile payment solutions provider Pushpay Holdings Ltd (PPH) was the top gainer on the benchmark index, rising for a fourth straight session to hit a record high.
- Forums
- ASX - By Stock
- News: XIJ Australia shares slip on dour U.S. data, overnight oil slump
Energy stocks fall the most in Australia All "big four"...
Featured News
Add XIJ (ASX) to my watchlist
(20min delay)
|
|||||
Last
2,633.4 |
Change
27.800(1.07%) |
Mkt cap ! n/a |
Open | High | Low |
2,605.6 | 2,633.4 | 2,604.8 |
Featured News
XIJ (ASX) Chart |