Australian share market hits two-year low after sixth straight day of losses

Discussion in 'Market News' started by Lily, Dec 15, 2015.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Banks and mining companies continue to drag the ASX/S&P 200 lower amid uncertainty about the US Fed rate decision and continued low commodity prices

    The Australian share market has slipped to its lowest level for more than two years after the benchmark ASX/S&P 200 index suffered its sixth successive day of losses.

    After a volatile day’s trading on Tuesday, the index closed down 0.39%, or 19 points, at 4,909.6 points, its lowest point since July 2013.

    Related: Asian stock markets drop as China devaluation, oil and Fed stoke fears

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