Australia's S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished lower on Friday.
Here's a quick recap of the Aussie market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 1.7%
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 1.6%
- AUD/USD at US 76.9 cents
- Gold at US$1,245 an ounce, down 0.3%
- Oil at US$44.87 a barrel, up 0.3%
Leading the market lower were shares in real estate companies GPT Group (ASX: GPT), Stockland Corporation Ltd (ASX: SGP), Goodman Group (ASX: GMG) and Mirvac Group (ASX: MGR), which fell 3% or more. The sell-off appears to be a reaction to an overnight global market selloff, fears of falling property prices and a potential increase in official interest rates.
BT Investment Management Ltd (ASX: BTT) shares fell 7.7% after a bearish analyst report. Fairfax Media Limited (ASX: FXJ) shares fell 8.3% as investors fear a failed takeover bid from one of its two suitors.
At the other end of the market, few ASX blue chip shares posted gains. Origin Energy Ltd (ASX: ORG) rose 0.44% while mining business Minerals Resources Limited (ASX: MIN) rose 8%.
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