Australia Market ends softer

Australian equity market finished session marginally down after erasing intraday gain late afternoon on Tuesday, 19 September 2017, with real estate stocks and top lenders being major loser losses after the Reserve Bank of Australia's September meeting minutes highlighting worried about rising household debt and a strong local dollar. Growth in housing debt has outpaced incomes, a result that threatens economy-wide spending. The local market had made a promising start, gaining as much as 22 points before slipping into the red at lunch and unable to claw back in the afternoon's trade. The S&P/ASX 200 index slipped 0.1%, or 6.999 points, to 5,713.6 at the close of trade.

Powered by Capital Market - Live News