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Australia shares end lower

Monday, 31 August 2015


Australian shares fell 1 per cent on Monday, capping its worst monthly performance in 7 years, amid confusion over central bank policy direction in the US and China. The index fell 8.6 per cent in August,  its biggest monthly decline since late 2008. The S&P/ASX 200 index fell 56.6 points to close at 5,207.0. It had edged up 20.3 points to 5,263.6 on Friday. New Zealand's benchmark NZX 50 index slipped 0.25 per cent or 14.2 points to finish the session at 5,656.2, according to Reuters.

-Shuvo-