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ASX ends day lower as major banks tumble due to cautious property outlook – NEWS.com.au
ASX ends day lower as major banks tumble due to cautious property outlook
The Australian sharemarket has ended the day lower as a cautious outlook for the property sector caused major banking shares to slip. The S&P/ASX 200 index closed the session down 4.7 points, or 0.1 per cent, to 5894.8, driven by stock falls in the financial and energy sectors.
However, the broader All Ordinaries index ended the day up 0.8 points, or 0.01 per cent, to 6049.
Minutes from the Reserve Bank’s meeting on monetary policy caused the Australian dollar to end the local session up 0…
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