AUSTRALIAN STOCKS SLUMP: Here's what you need to know

A model walks the runway wearing Givenchy Spring 2016 during New York Fashion Week at Pier 26 at Hudson River Park on September 11, 2015 in New York City.

Australian shares closed down almost 1%.

The ASX200 fell by almost 1.4% in noon trade, before staging a small rally late in the day.

Here’s today‚Äôs scoreboard:

  • ASX 200 5703.60 , -55.16 , -0.96%
  • All Ordinaries 5743.90 , -53.63 , -0.93%
  • AUD/USD 0.7596 , 0.0011 , 0.15%

Energy stocks led the index lower, with the ASX200 Energy Index down more than 2% for the day.

Woodside petroleum finished 2.6% lower after oil prices dipped overnight, while Origin Energy fell by 1.3%.

The ASX200 Financials Index finished just over 1% lower. The big banks all made up ground from session lows, but were still down on the day with ANZ the worst performer finishing 1.45% lower.

The big miners proved resilient, with Rio Tinto closing 1.24% higher while BHP was up 1.36%.

Among the worst performing companies, Newscorp fell by 3.14% at $17.90. Solomon Lew’s retail conglomerate Premier Investments also finished down 3%, while Coca-Cola Amatil (CCA) was down by 2.58%.

CCA rallied from losses of almost 5% in the fallout from Woolworths’ decision not to stock the latest low-sugar Coke product.

Here’s how the individual sectors performed:

  • A-REITS -0.49%
  • Consumer Discretionary -1.52%
  • Consumer Staples -0.55%
  • Energy -2.07%
  • Financials -1.03%
  • Healthcare -1.97%
  • Industrials -1.25%
  • Information Technology -1.33%
  • Materials -0.06%
  • Telecommunications -1.00%
  • Utilities -1.26%
  • All Ords Gold Index -1.12%
ASX 200 5-Minute Chart

Financial markets steadied in afternoon trade, ahead of key US data later tonight.

US non-farm payrolls will be release with most attention likely to fall on wage growth and unemployment rate for June. Find the preview here.

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