SYDNEY: Australian stocks extended losses to trade 0.3 percent lower on Tuesday, Oct 26 as market operator ASX Ltd gave up some of its gains from Monday as doubts were cast on its takeover by Singapore Exchange. The market traded lower from the start as investors took profits after an $8.3 billion offer for ASX lifted shares to
5-month highs on Monday. Losses were aggravated when political leaders -- whose approval for the ASX/SGX deal will be necessary -- expressed
concerns over the transaction, sending ASX shares down as much as 8.6 percent before the stock recovered to trade 5.8 percent lower at A$39.33. The benchmark S&P/ASX 200 index <.AXJO> eased 15.8 points to 4,694.20 as of 0206 GMT. On Monday, it closed at a
five-month high of 4,710, after gaining 1.3 percent. New Zealand's benchmark top 50 index <.NZ50> traded down 0.1 percent at 3287.8, after being closed for a public holiday
on Monday. - Reuters
5-month highs on Monday. Losses were aggravated when political leaders -- whose approval for the ASX/SGX deal will be necessary -- expressed
concerns over the transaction, sending ASX shares down as much as 8.6 percent before the stock recovered to trade 5.8 percent lower at A$39.33. The benchmark S&P/ASX 200 index <.AXJO> eased 15.8 points to 4,694.20 as of 0206 GMT. On Monday, it closed at a
five-month high of 4,710, after gaining 1.3 percent. New Zealand's benchmark top 50 index <.NZ50> traded down 0.1 percent at 3287.8, after being closed for a public holiday
on Monday. - Reuters
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