Australia Stocks down; IAG, Healthscope leads retreat

Australian equity market closed down on Wednesday, 23 August 2017, weighed down by losses in financial and healthcare stocks after disappointing full year results from Insurance Australia Group and Healthscope. At the close in Sydney, the S&P/ASX 200 declined 0.22% to 5737.20. Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 588 to 525 and 390 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 1.15% to 13.503.

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