Australian share market finished lower on Wednesday, 14 March 2018, as investor confidence was dented amid uncertainty sparked by the sacking of U. S. Secretary of State Rex Tillerson and amid talk of potential U. S. tariffs against China. Sector-wise, losses were broad-based, with all sectors except gold producers in the red.
Financials, which make up the most heavily weighted sector on the index, declined amid a hard-nosed official inquiry into the embattled sector. The S&P/ASX 200 index ended 0.7% lower or 39.4 points to 5935.3 at the close of trade. Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 694 to 494 and 369 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 2.76% to 13.124.
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