Bloomberg News

Australia’s S&P/ASX 200 Index Falls After Rate Decision

October 04, 2011

Oct. 4 (Bloomberg) -- Australia’s S&P/ASX 200 Index extended losses after the nation’s central bank held its benchmark interest rate for an 11th month as international financial turmoil threatens growth and a weakening currency boosts prospects for the nation’s manufacturers.

The stocks gauge fell 0.5 percent to 3,876.70 as of 2:38 p.m. Sydney time.

To contact the reporter on this story: Shani Raja in Sydney at sraja4@bloomberg.net

To contact the editor responsible for this story: Shani Raja at sraja4@bloomberg.net


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