AUSTRALIAN STOCKS TAKE A FALL: Here’s what you need to know

Mark Wieland/Getty Images

Australian shares closed down.

Today’s scoreboard:

  • ASX 200: 5,673.80 -55.13 -0.96%
  • All Ordinaries: 5,717.70 -50.77 -0.88%
  • AUD/USD: 0.7653 +0.0015 +0.20%

The local market went on a long slide with the ASX200 dropping below the key 5700 point level.

The banks were the main drag with the ANZ down 1.5% to close at $28.41 and the NAB 1.2% to $29.72.

On the positive side, Fortescue Metals was up 0.6% to $5.31 and BHP 0.4% to $24.88.

Wattle Health was up 22% to $0.58 after it announced conditional agreement to acquire a 5% equity interest in the Australian infant formula maker Blend and Pack, which has regulatory accreditation in China.

Recruitment platform LiveHire added 1.8% to close at $0.56 after signing Gina Rinehart’s Roy Hill, the 55 million tonne mining, rail and port operation in the Pilbara, as a client.

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