Australian sharemarket falls despite Wall Street gains

Summarised from 2 outlets · Updated 7 Oct, 08:55 · Archive

Australia's sharemarket closed lower despite record gains on Wall Street, as banking and mining stocks declined.

Australia's sharemarket closed lower on the day despite strong overnight gains on Wall Street, where markets reached record levels. Banking and mining shares led the decline on the Australian exchange, offsetting the positive sentiment from international markets.

The weakness in Australia's two largest sectors proved decisive in pushing the overall market into negative territory, despite favourable conditions elsewhere.

How it is being reported

• Aussie sharemarket finishes at a loss despite strong Wall Street lead, banks drag marketWall Street’s record-breaking session could not save the Australian sharemarket from closing lower - amid a dip in banking and mining shares.Perth Now · 7 Oct, 08:20
• Aussie sharemarket finishes at a loss despite strong Wall Street lead, banks drag marketWall Street’s record-breaking session could not save the Australian sharemarket from closing lower - amid a dip in banking and mining shares.The West Australian · 7 Oct, 08:20

In this story: Australian sharemarket · Wall Street · Australia

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