Australian shares end lower on global growth worries, but NZ rises [Reuters]
CSL LTD SP/ADR (CSLLY)
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Source: Reuters
Australian shares end lower on global growth worries, but NZ rises - Reuters 3 Min Read * Benchmark index down for a third straight day * Financials, healthcare stocks lead falls * Gold stocks rise more than 2% (Updates to close) Sept 4 (Reuters) - Australian shares fell for a third straight day on Wednesday, pulled down by financial and healthcare firms as weak domestic growth data and a contraction in U.S. manufacturing activity rekindled fears of a slowdown in global growth. The S&P/ASX 200 index closed down 0.3% at 6,553. The benchmark inched down 0.1% on Tuesday. Australia’s economy grew at its slowest pace in a decade last quarter, data showed on Wednesday, as tepid wage growth and a sharp downturn in home building weighed heavily on domestic consumption. The GDP data “largely” justifies the central bank’s recent rate hold and “coupled with increasing risk to the global outlook suggest further easing is likely,” Su-Lin Ong, head of Australian and New Zealand fixed income and cur
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