Australian shares close lower ahead of central bank policy meeting [Reuters (UK)]
WOODSIDE PETROL LTD S/ADR (WOPEY)
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Source: Reuters
Australian shares close lower ahead of central bank policy meeting - Reuters 3 Min Read (Updates to close) By Nikhil Nainan Sept 30 (Reuters) - Australian shares fell on Monday following a late drop by mining stocks while financials constituted the biggest drag ahead of a widely expected interest rate cut by Australia’s central bank the next day. The S&P/ASX 200 index fell 0.4% or 27.8 points to 6,688.3 by the close of trade. The benchmark stock price index ended September with a gain, after a drop in August that snapped a seven-month winning streak. The ‘Big Four’ banks led the losses, falling 0.4% to 0.9%. Trading was light as investor sentiment was largely cautious following mixed economic data from China coupled with news that the U.S. administration is considering delisting Chinese companies from U.S. securities exchanges. “The possibility of implementing this idea however, remains low at the moment as the negative impact to U.S. capital markets is likely to far outweigh the bene
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