Australian Markets are on Loosing Spree for Consecutive Fourth Session

• Australian markets are on loosing spree consecutively on fourth day also. This losing stretch started in morning when Australian share market opened more than a third of a per cent lower. In early trade, the benchmark S&P/ASX 200 index was down 20.9 points, or 0.39 per cent, at 5,286.8, while the broader All Ordinaries index was down 20.5 points, or also 0.39 per cent, at 5,284.1.

• HSBC's China flash manufacturing PMI came below expectation at 50.4 and it sent the local currency (AUD) below at 93 US cents. It is currently trading at 92.98 US cents, well off yesterday's highs around 94.5 US cents.

• Most of the regional markets are going negative today. Here's how they are doing:

• Nikkei: +1.5%
• Shanghai: -0.9%
• Hong Kong -0.5%
• Taiwan: -1%
• South Korea: -1%
• Singapore: -0.7%
• New Zealand: -0.5%

http://www.capitalvia.com/au/