Australian shares fall over 1% after GDP slowdown; NZ hikes as expected
Australian shares stayed more than 1% lower after second-quarter growth slowed. New Zealand’s central bank raised rates as expected, leaving market expectations for another hike intact.
Australian shares remained more than 1% down on Wednesday after second-quarter economic growth slowed, though not enough to deter expectations of another interest rate hike, while New Zealand's central bank raised rates as expected.The S&P/ASX 200 benchmark index ASX:XJO was down 1.1% at 8,967 poin…