Australia shares slip on Fed concerns, dip in China PMI
(Updates to close)
SYDNEY Dec 16 (Reuters) - Australian shares fell 0.2 percent on Monday, languishing at 3-1/2 month lows, as investors cautiously waited to see if the U.S. Federal Reserve will decide at a policy meeting this week to begin scaling back its stimulus programme.
Also weighing on sentiment was a survey showing that growth in activity in China's vast factory sector slowed to a three-month low in December.
The S&P/ASX 200 index closed down 8.8 points at 5,089.6. The benchmark shed 1.7 percent last week, its fourth consecutive week of losses.
New Zealand's benchmark NZX 50 index rose 0.4 percent to finish at 4,735.6. (Reporting by Thuy Ong; Editing by Chris Gallagher)
- Exclusive: Malaysia plane probe narrows on mid-air disintegration - source
- Radar showed missing plane may have turned back: Malaysia military
- Missing Malaysian jet may have disintegrated in mid-air: source |
- Malaysian plane presumed crashed; questions over false IDs |
- Merkel raps Putin as Russian forces tighten grip on Crimea |