Australia shares hold higher but mark fourth weekly drop

Australian shares closed higher on Friday but posted their fourth straight weekly decline as concerns over the new Omicron coronavirus pandemic and its potential economic impact weighed on investor sentiment. The S&P/ASX 200 index rose 0.22 per cent to 7,241.2, but ended the week lower 0.5 per cent. Australia reported its first community transmission of … Read more

Australia shares fall sharply as new virus version worries investors

Australian stocks tumbled on Friday to their worst session in nearly two months, as the detection of a new and possibly vaccine-resistant coronavirus variant in South Africa weighed on energy and other key sectors. The benchmark S&P/ASX 200 fell 1.73 percent in its biggest fall since October 1, despite better-than-expected October retail sales data. For … Read more

Australia shares close up on promoting miners; bank cap profit

Australian stocks reversed early losses to end marginally higher on Thursday, helped by gains in miners on firm iron ore prices, though progress on the benchmark was limited by a weak financial sector. The S&P/ASX 200 closed 0.11% higher at 7,407.3. It had lost 0.15% on Wednesday. Miners dragged the index, adding 1.1%, with benchmark … Read more

Australia shares bottom as healthcare, tech stocks drag

Australian shares fell on Monday as health and tech stocks plunged after BHP Group announced it would sell a stake in its metallurgical coal unit to Stanmore Resources. The S&P/ASX 200 index fell 0.06% to 7,452.2, breaking a three-session winning streak. The benchmark rose 0.4% on Friday. Healthcare stocks fell 1.24% last week after gains … Read more