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Australia shares end lower, mark best month in five
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Last Updated: Apr 30, 2021, 03:07 PM IST
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Synopsis
Beach Energy Ltd led losses as it plunged 24% after slashing reserve estimates and earnings outlook following a review of declining output at its Western Flank field in South Australia.
Agencies
The S&P/ASX 200 index fell 0.8% to 7,025.8 points, backing away from the previous session s 14-month peak.
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Australian shares ended lower on Friday, with Beach Energy s trading update weighing on sentiment, even as the index marked its best month in five.
The S&P/ASX 200 index fell 0.8% to 7,025.8 points, backing away from the previous session s 14-month peak.
Asian Shares Mostly Higher In Cautious Trade
CANBERA (dpa-AFX) - Asian stocks ended broadly higher on Thursday as investors reacted to Fed Chair Jerome Powell s dovish comments and U.S. President Joe Biden s congressional speech about increasing taxes on the rich.
Japanese markets were closed for Showa Day. Chinese shares fluctuated before finishing higher after Biden said he told Chinese President Xi that we welcome the competition - and that we are not looking for conflict. Biden also said he didn t seek worse relations with Russia.
The benchmark Shanghai Composite index edged up 17.83 points, or 0.52 percent, to 3,474.90 while Hong Kong s Hang Seng index ended up 231.92 points, or 0.80 percent, at 29,303.26.
(Corrects to remove reference to Japanese stocks in paragraph 10 as the market is closed)
April 29 (Reuters) - Australian shares rose on Thursday, helped by energy and gold stocks that tracked higher prices of underlying commodities, although gains were capped by a disappointing earnings report from supermarket giant Woolworths .
The S&P/ASX 200 index rose 0.15% to 7,075.6 by 0029 GMT. The index closed 0.4% higher on Wednesday.
Shares of Ansell were among the top gainers on the benchmark for the second day in a row, rising nearly 5%. The medical devices maker projected strong sales growth for the half year and full year on Wednesday.
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