KM Financial Solutions | Australia shares to open lower following slide in global stocks; NZ falls

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Australia shares to open lower following slide in global stocks; NZ falls

09 Oct Australia shares to open lower following slide in global stocks; NZ falls

Posted at 21:25h in News by KMFSLLP 0 Comments

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Australian shares are set to open lower
on Thursday, tracking a sharp fall on Wall Street, with rising
U.S. bond yields prompting investors to reassess values of
equities.
Stocks on major world markets slid to a three-month low on
Wednesday, with the benchmark S&P500 stock index falling more
than 3.0 percent, its biggest one-day fall since February.

Benchmark U.S. 10-year Treasury notes rose late
in the day, pushing yields down to 3.1931 pe