Australian Markets Catch a Cold as China Sneezes - News Summed Up

Australian Markets Catch a Cold as China Sneezes


The Australian stock market has suffered as Chinese growth slows and concerns about global economic health mount. What's HappeningIn U.S. dollar terms, Australia’s benchmark S&P/ASX 200 is one of the worst-performing major indexes in the Asia-Pacific region, falling nearly 16% this year, according to FactSet. The market has faced a cocktail of challenges, spanning the economy, the banking sector, a softening property market, and political uncertainty ahead of a 2019 general election.


Source: Wall Street Journal December 11, 2018 05:07 UTC



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