Aussie market plunges to a seven-month low

Last Updated : Sep 29 2014 | 5:00 PM IST

Australian stock market extended its recent decline, weighing the benchmark indices to its lowest level in seven months on Monday, 29 September 2014. The decline was largely due to concerns over economic impact of decline in Australian dollar to lowest level since about mid-February and drop in commodity metal prices amid sign of sluggish economic growth in China. The benchmark S&P/ASX 200 Index and the broader All Ordinaries Index both declined by 0.9% to 5264.20 and 5269.60, respectively. Turnover was relatively light with 1.64 billion shares worth of A$3.62 billion traded today.

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Aussie market plunges to a seven-month low