Reuters: Hot Stocks: Australian shares fall to 5-month low on volatile Wall St

Reuters: Hot Stocks Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Australian shares fall to 5-month low on volatile Wall St Jun 12th 2013, 00:26 Tue Jun 11, 2013 8:26pm EDT SYDNEY, June 12 (Reuters) - Australian shares fell 0.7 percent to a five-month low on Wednesday after Wall Street slid in a volatile session on disappointment that the Bank of Japan failed to announce measures to calm volatility in markets. Financials dragged on the market. Australia's fourth largest bank, Australia and New Zealand Banking Group tumbled 1.7 percent while top lender the Commonwealth Bank of Australia lost 1.3 percent. The S&P/ASX 200 index dropped 34.9 points to 4,722.2 by 0022 GMT, its lowest point since January 16. The benchmark rose 0.4 percent on Tuesday, snapping three consecutive sessions of losses. New Zealand's benchmark NZX 50 index fell 0.2 percent or 9.1 points to 4,454.5. (Reporting by Thuy Ong; Editing by Edwina Gibbs)

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