Australia shares end down as new U.S.-China tariffs trigger caution [Reuters]
WOODSIDE PETROL LTD S/ADR (WOPEY)
NASDAQ:AMEX Investor Relations:
woodside.com.au/investors-media/announcements/pages/announcements-currentyear.aspx
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Source: Reuters
Australia shares end down as new U.S.-China tariffs trigger caution - Reuters 2 Min Read (Updates to close) Sept 2 (Reuters) - Australian shares, led by energy stocks, edged lower on Monday, with investors unsettled by the latest blows traded by the United States and China in their tariff war. The “level of trust from both sides has deteriorated substantially following rounds of tariff escalation,” Mizuho analysts said in a note to clients. The S&P/ASX 200 index slipped 0.4% to 6,579.40 at the close of trade, following a 1.5% climb on Friday. The energy index dropped a percent as the heightened trade war tensions hit oil prices, due to concerns that demand for crude will suffer if global growth slows. Oil and gas heavyweights Santos and Woodside Petroleum slipped about 1% each at close, while Oil Search ended the session about 1.4% lower. Financial stocks ended about 0.3% lower, with three of the “big four” lenders trading down. Bucking the trend, miners advanced as nickel prices rose
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