Australia shares down as materials rally loses momentum; NZ down [Reuters (UK)]
JP Morgan Chase & Co. (JPM)
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Source: Reuters
Australia shares down as materials rally loses momentum; NZ down | Reuters Reuters Staff 3 Min Read * Aussie shares end day weaker, but up on week * Materials, financials drag * NZ down 0.6 pct, healthcare stocks weigh (Updates to close) April 20 (Reuters) - Australian shares broke a five-day winning streak on Friday as the recent rally in material stocks paused for breath, while sentiment was further dampened by a weak finish overnight on Wall Street. The S&P/ASX 200 index fell 0.2 percent or 12.2 points to 5,868.8 at the close of trade, but finished the week 0.7 percent higher. The benchmark rose 0.3 percent on Thursday. Wall Street’s three major indexes closed lower on Thursday, with tobacco stocks leading a tumble in consumer staples while concerns about smartphone demand hurt the technology sector. In the commodities market, London aluminium and nickel prices slid as a rally driven by fears of supply disruptions caused by U.S. sanctions on Russia’s Rusal, the world’s second-bigge
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