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Australian shares head for worst day in nearly three weeks as miners, banks slide
Australian shares fell more than 1% on Tuesday and were on track for their biggest drop in nearly three weeks, as financials and commodity-linked stocks overshadowed gains in tech shares, while National Australia Bank unveiled a major restructuring plan. The S&P/ASX 200 index fell 1.1% to 8,752.80 by 2327 GMT, heading for its worst session since October 1. The benchmark closed 0.4% higher on Monday. Selling was broad-based in miners and banks, with softer commodity prices hurting miners and energy firms and National Australia Bank’s restructuring programme adding pressure to lenders. Natio...
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