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Australian sharemarket sharply lower, resources stocks hit hard, EML Payments hammered on regulatory problem – NEWS.com.au
Australian sharemarket sharply lower, resources stocks hit hard, EML Payments hammered on regulatory problem
The Australian sharemarket snapped its three-day winning streak, plunging at open of trade and tracking lower after a brief morning blip higherThe S&P/ASX200 sank 1.9 per cent lower to 6931.7 while the All Ordinaries Index slumped 1.83 per cent to 7165.7.
CommSec analyst Steve Daghlian said the fall was significant, sending the benchmark S&P/ASX200 index well below the key 7000-point level.
“There was perhaps no fresh catalyst for the declines but we did see the US market falling back about 1 per…
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