Australia shares fall as trade optimism collapses [Reuters (UK)]
BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) (BHP)
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Source: Reuters
Australia shares fall as trade optimism collapses - Reuters 3 Min Read * All financial stocks in benchmark bleed * Third-quarter GDP data awaited * NZ benchmark down up to 0.5% By Aby Jose Koilparambil Dec 4 (Reuters) - Australian shares extended losses on Wednesday as a resurgence in concerns about global trade tensions hit Wall Street stocks and weighed on the mining and financials sectors. Recent optimism the Sino-U.S. trade dispute may be close to a resolution waned as U.S. President Trump suggested the deal might have to wait longer, while Commerce Secretary Wilbur Ross confirmed new tariffs on Chinese imports would take effect on Dec. 15 as scheduled. The S&P/ASX 200 index slid about 1.4% to 6,620.20 by 2349 GMT, after declining 2.2% in the previous session, where it posted its biggest daily drop in two months. Fresh trade woes had gained momentum on Monday after Trump said he would restore tariffs on steel imported from Brazil and Argentina, in the latest sign that the disputes
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