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1.Market Observations

7 June 2017 (AFR,SMH,TheAge) – ASX: Tumbles as bank pain spreads; sinks 1.5pc to lowest in almost four months

(7 June 2017, AFR, p27, Myriam Robin)

‘Continued selling in the big banks spread to all other major sectors, sending the sharemarket to its lowest in nearly four months. In broad-based losses that saw just 19 stocks of the top 200 rising, the benchmark S&P/ASX200 index tumbled 1.5 per cent to 5667.5 points, just about wiping out the remainder of this year’s gains.’

Read more at SMH.com.au

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