Australia ASX200 falls 1% on soft GDP, tariff concerns

Australian share market finished lower on Wednesday, 07 March 2018, as risk aversion selloff triggered amid weaker than expected country's economic growth data for last quarter and lingering uncertainty about the implications of US steel and aluminium tariffs. The S&P/ASX 200 index dropped 1.01 pct, or 60.4 points, to 5,902.0 at the close of trade. Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 740 to 456 and 376 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 10.58% to 15.664.

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