Australia shares end lower as pandemic-driven recession fears mount [Reuters]
BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) (BHP)
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Source: Reuters
Australia shares end lower as pandemic-driven recession fears mount * Benchmark’s best week since April 15, 2016 * Aussie banks banning div could impact broader economy-Jefferies * NZ closes higher (Updates to close) By Nikhil Subba April 3 (Reuters) - Australian shares ended weaker on Friday, as financial stocks led the benchmark to erase early gains, while investors continued to abandon their bets over forebodings about a deep pandemic-driven global recession. The S&P/ASX 200 index ended 1.7% down at 5,067.50, after climbing as much as 1.8% earlier in the day. However, on a weekly basis, the benchmark settled 4.4% higher, its best week since April 15, 2016. “The market is probably partly fading ahead of the weekend which brings with it quite a bit of uncertainty (COVID-19’s growth rate, any government action etc),” said Steven Daghlian, market analyst at CommSec. “Also, while markets aren’t as volatile as they were just a week ago (for now), we can still expect these types of swings
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Sec Filings
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- BHP's page on the SEC website