Mining stocks weigh down Australia market

The Australian share market closed down on Wednesday, 11 March 2015, following sharp declines on Wall Street overnight sparked by growing investor anxiety about a looming U.S. interest rate hike. Most of the ASX sectors dived into negative terrain, with shares of materials, bullion and energy companies being major losers. The benchmark S&P/ASX 200 Index declined 31 points, or 0.53%, to 5793.20 and the broader All Ordinaries Index fell by 31 points, or 0.54%, to 5763.30. Market turnover was relatively healthy, with 1.81 billion shares changing hands worth of A$4.72 billion. Rising stocks underperformed by declining ones, with total of 513 stocks up, while remaining 818 down.

Powered by Capital Market - Live News