Australian Shares Slip as Mining, IT and Gold Names Drag Index Down
Australian equities closed lower Thursday, with the S&P/ASX 200 shedding 1.06% in Sydney. Weakness in IT, gold and metals & mining stocks weighed on the market as the VIX gauge rose and commodity prices diverged, with gold falling and oil rallying. Decliners outnumbered advancers by a wide margin across the exchange.