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Australia and NZ shares end lower on stronger currencies
May 14, 2015 / 6:27 AM / 2 years ago

Australia and NZ shares end lower on stronger currencies

(Updates to close)

SYDNEY, May 14 (Reuters) - Australian shares ended 0.3 percent lower on Thursday as a galloping Australian dollar and renewed worries about global growth reduced the appeal of equities.

The S&P/ASX 200 index dropped 18.6 points to 5,696.5 at the close of trade. The index, however, was still on track for a weekly gain of 1 percent. If sustained, it would be the first increase in three weeks.

New Zealand’s benchmark NZX 50 index shed 0.2 percent or 13.4 points to finish the session at 5,738.40. (Reporting by Cecile Lefort; Editing by Jacqueline Wong)

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