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Australia Stocks end softer

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The Australian equity market closed marginally lower on Thursday, 13 June 2019, as risk sentiments subdued on taking a negative lead from Wall Street overnight amid uncertainty over an intractable US-trade dispute and pullback in commodity prices. At closing bell, the S&P/ASX200 index declined 1.34 points, or 0.02%, at 6,542.40 points, while the broader shed 9.77 points, or 0.15%, at 6,619.10.

fell as crude prices tumbled 4% overnight after crude inventories rose amid concerns of dimming outlook for global & Woodside fell as much as 2.2%, while and lost 2.4% and 5.2%, respectively.

Mining stocks declined, as and iron ore prices retreated.

Mining giants Group fell 0.5% and lost 0.6%, while declined 0.9%.

CURRENCY NEWS: The was lower against the U. S. dollar on Wednesday. The traded at $0.6906 after slipping from the $0.696 handle yesterday.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, June 13 2019. 14:10 IST
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