(Updates to close)
SYDNEY Feb 5 Australian shares fell 0.5 percent
on Thursday to a 7-week closing low as some investors struggled
to come to terms with the Reserve Bank of Australia's decision
to drop its easing bias, while caution before the upcoming
earnings season also dampened sentiment.
The S&P/ASX 200 index lost 26.8 points to finish at
5,070.3, its lowest close since Dec. 12. The benchmark tumbled
1.8 percent in the previous session, the biggest daily drop in
New Zealand's benchmark NZX 50 index edged up 0.1
percent or 5.3 points to finish the session at 4,807.9.
(Reporting by Thuy Ong; Editing by Kim Coghill)