Australian stocks close 4.09% lower

GMT 06:47 2015 Monday ,24 August

Arab Today, arab today Australian stocks close 4.09% lower

Australian stocks
Sydney - Arab Today

Australian stocks slumped 4.09 percent on Monday to close at their lowest levels in two years, on the back of falling oil prices and growing fears of a slowdown in the Chinese economy.

The benchmark S&P/ASX200 index ended 213.3 points lower at 5,001.3, mirroring a rout in equities across Asia with energy and financial stocks among the biggest losers in a sea of red.

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