Australia shares end lower as recession fears deepen, energy stocks drag [Reuters]
AUSTRALIA&N Z BKG S/ADR (ANZBY)
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Source: Reuters
Australia shares end lower as recession fears deepen, energy stocks drag * Energy stocks mark worst day in nearly three weeks * Survey shows consumer sentiment at a three-decade low * Lynas climbs 5.2% as quarterly output jumps * NZ sees best day in almost 3 weeks ahead of fiscal stimulus (Updates to close) By Arpit Nayak April 15 (Reuters) - A drop in energy stocks saw Australian shares finish lower on Wednesday, while a collapse in consumer sentiment reinforced fears of an economic fallout from the coronavirus crisis. The S&P/ASX 200 index ended 0.4% lower at 5,466.70, after starting the session in positive territory. The benchmark closed 1.9% firmer on Tuesday. A survey showed Australian consumer sentiment had crumbled in April to a 30-year low as virus-induced social distancing measures threatened to push the country’s economy into its first recession in three decades. “ market opened with glimmers of hope but this was quickly erased ... after the consumer confidence numbers were
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