KM Financial Solutions | Australia shares likely to open more than 1 pct lower; NZ falls big

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Australia shares likely to open more than 1 pct lower; NZ falls big

23 Oct Australia shares likely to open more than 1 pct lower; NZ falls big

Posted at 21:15h in News by KMFSLLP 0 Comments

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Australian shares were set to drop more
than 1 percent at the open on Thursday, in line with the
overnight Wall Street sell-off.
U.S. stocks tumbled on Wednesday, confirming a correction
for the Nasdaq and erasing the Dow and S&P 500’s gains for the
year, as disappointing forecasts from chipmakers and weak home
sales data fuelled worries about economic and profit growth.

The local share price index futures fell 1.6
percent, a 129-point discount to th