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Australian shares slipped on Friday tracking a pullback in Wall Street's stocks overnight. Both the All Ords and the ASX 200 ended the session down 0.6%. Retail1 of Pacific Brands lost almost 2%, Myer stocks were lower as well, with Nine Entertainment falling 3%. And the big four banks also wade2 on the market.
Checking elsewhere on the region now:
Japan's Nikkei is down 202 points, the Heng Seng is also losing ground. And the Australian Dollar is currently buying 93.5 US cents.
The construction giant Leighton Holdings has reached a settlement to the shareholder3 class action over its disclosure practices. Leighton has agreed to pay a total of 69.5 million dollars to thousands of investors4 who bought shares between August 2010 and April 2011. They claim the company failed to disclose problems at some of its key infrastructure5 projects that resulted in a series of profit down-grades. Leighton still denies the claim and says the agreement is not an admission of liability.
And official figures show the amount of money borrowed for homes is easing. The figures from the Bureau of Statistics will bill the total value of loans the owner occupies fell 102% from February to March; it coincides with data out early this week that showed a slowdown in house price growth. Today's figures also show amounts borrowed for personal loans also fell during the month by 1.7%.
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1 retail | |
v./n.零售;adv.以零售价格 | |
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2 wade | |
v.跋涉,涉水;n.跋涉 | |
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3 shareholder | |
n.股东,股票持有人 | |
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4 investors | |
n.投资者,出资者( investor的名词复数 ) | |
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5 infrastructure | |
n.下部构造,下部组织,基础结构,基础设施 | |
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