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AUSTRALIAN STOCKS SLIDE: WHAT YOU NEED TO KNOW

Australian stocks closed weaker.

Today’s scoreboard:

  • S&P ASX 200: 5,464.40 -43.38 -0.79%
  • All Ordinaries: 5,532.60 -37.90 -0.68%
  • AUD/USD: 0.7472 +0.0028 +0.38%

The local market ate away at the 2.7% gains of last week with the ASX200 slipping below 5500 point mark.

The major banks, the big miners and energy stocks led the falls.

The ANZ dropped 1.3% to close at $27.91 and..

Read more at: http://www.businessinsider.com.au/australian-stocks-slide-what-you-need-to-know-2016-11

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