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Money Aussie shares extend losses as banks weigh; New Zealand hits five-week closing low

01:21  12 january  2018
01:21  12 january  2018 Source:   reuters.com

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Australia and New Zealand Banking Group finished 0.2 percent weaker at its lowest close in a week , while Westpac Banking Corp and Commonwealth Bank of Australia fell 0. 5 percent and 0.4 percent, respectively.

Australian shares ravaged; New Zealand on track for worst week in nearly 8 years. Financials were the largest drags on the index, as the Australian financial index shed as much as 1.6 percent to a near five-month low . Aussie shares extend losses as banks weigh ; NZ hits 5 - week closing low .

a close up of person: FILE PHOTO - Investors are reflected in a window as they talk in front of a board displaying stock prices at the Australian Securities Exchange in Sydney, Australia© REUTERS/Steven Saphore FILE PHOTO - Investors are reflected in a window as they talk in front of a board displaying stock prices at the Australian Securities Exchange in Sydney, Australia Australian shares extended losses to a second session on Thursday, led by declines in financials, after a report that China may dial down purchases of U.S. government debt rattled Wall Street.

The S&P/ASX 200 index (.AXJO) fell 0.5 percent, or 29.1 points, to 6,067.60. The benchmark lost 0.6 percent in the previous session.

The three major indexes on Wall Street snapped a six-session rally on Wednesday as investors grew jittery after Bloomberg reported that China, the world's biggest foreign holder of U.S. Treasuries, could slow or halt U.S. government bond purchases. [.N]

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Australian shares posted broad-based gains led by mining ANZ and National Australia Bank both saw their weakest close in well over a year while Westpac Banking closed at its lowest since 2013. New Zealand ’s S&P/NZX 50 index was up 0.6 per centor 56.41 points to 8813.45 and closed at yet

Australian shares weighed down by financials and materials, NZ climbs. Australia shares close at 6- week low as banks drag; NZ rises. Australian shares hit 10-year closing high; NZ recovers. 9 Jan, 2018, 12.12PM IST.

Australia and New Zealand Banking Group (ANZ.AX) finished 0.2 percent weaker at its lowest close in a week, while Westpac Banking Corp (WBC.AX) and Commonwealth Bank of Australia (CBA.AX) fell 0.5 percent and 0.4 percent, respectively.

Materials stocks reversed early gains in the session to end lower, with heavyweight BHP Billiton Ltd (BHP.AX) slipping 0.4 percent.

Australia's Port Hedland iron ore terminal, used by the nation's top miners, has begun clearing all vessels in its harbour as a tropical storm intensifies off the western Australian coast.

NZX in Auckland© Shutterstock NZX in Auckland Meanwhile, New Zealand's benchmark S&P/NZX 50 index (.NZ50) registered broad losses and dropped 1.4 percent to finish at 8,250.44, its lowest close since Dec. 8.

Dairy firm A2 Milk Company (ATM.NZ) shed 4.4 percent to touch a near two-month closing low, while Auckland International Airport (AIA.NZ) dropped 2.3 percent, hitting its lowest close in six weeks.

(Reporting by Devika Syamnath in Bengaluru; Editing by Amrutha Gayathri)

ANZ, regulator settle on suspected frauds affecting Esanda customers .
Australia and New Zealand Banking Group (ANZ.AX) said on Thursday it has reached a settlement with Australia's corporate regulator over suspected third party fraud and has agreed to pay a A$5 million ($4 million) fine. The matter related to a number of cases where car finance brokers engaged in suspected fraud when submitting loan applications on behalf of customers to its former unit Esanda between 2013 and 2015. ANZ said it has agreed to the fine as part of the settlement with the Australian Securities and Investments Commission.

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