Australia shares end lower hurt by financials; NZ gains [Reuters (UK)]
AUSTRALIA&N Z BKG S/ADR (ANZBY)
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en.wikipedia.org/wiki/australia
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Source: Reuters
Australia shares end lower hurt by financials; NZ gains - Reuters 3 Min Read * CBA’s Q3 results disappoint, books further remediation charge * ANZ, Macquarie trade ex-div, drag financials * Defensive stocks rise amid trade uncertainty (Updates to close) May 13 (Reuters) - Australian shares ended lower on Monday, as disappointing earnings from the country’s biggest bank weighed on financials, although losses were offset by gains in healthcare and gold stocks. The S&P/ASX 200 index closed down 0.2%, or 13.30 points, at 6,297.60. The benchmark rose 0.3% on Friday. Financial stocks closed down 1.8% at a near 4-week low after Commonwealth Bank of Australia took a hit to its third-quarter cash profit and announced a further A$714 million ($498.6 million) in provisions to compensate customers for being overcharged or wrongly billed for services not provided. CBA and other top banks have spent millions in compensation to wronged customers, as they attempt to mend their reputation after the da
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