Australian Shares Fall 0.5% as Banks Weigh on Market
The S&P/ASX 200 was down 0.5% at 8,844.20 points by 2327 GMT, with banks leading broad-based losses. The decline followed the RBA’s rate increase to an 18-year high; investors awaited US midterm election results.
Australian shares fell on Wednesday, with banks leading broad-based losses a day after the country's central bank raised interest rates to an 18-year high, while investors awaited the outcome of the US midterm elections.The S&P/ASX 200 index ASX:XJO was down 0.5% at 8,844.20 points by 2327 GMT. The…