Australia Market closes 0.6% down as financials weigh

Capital Market 

finished session down on Friday, 04 May 2018, with shares of financial companies leading losses on the prospect of a weaker the Australian dollar and persistently low interest rates. The S&P/200 dipped 0.6% or 35.40 points to 6,062.90 at the close of trade.

The broader retreated 0.51% to 6,155.4 points. Falling stocks outnumbered advancing ones on the by 654 to 595 and 360 ended unchanged. The S&P/200 VIX, which measures the implied of S&P/200 options, was down 3.51% to 11.610.

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First Published: Fri, May 04 2018. 15:12 IST