The S&P/ASX 200 index closed lower, ending 105.8 points or 1.6 per cent lower at 6,606.5 points relative to the last close.
And, the All Ordinaries index dropped by 1.55 per cent or 104 points to close at 6,714.4 points.
The new vehicle sales in Australia slumped by almost 9.8% in November 2019, in every state and territory compared to the prior corresponding period. This marked the 20th consecutive month of declining sales. The downturn occurred even when car brands and dealers have been thriving to lift the industry through special deals and incentives, which noticeably has failed to spark a turnaround as of now.
Some of the best & worst performing stocks in S&P/ASX 200 today:
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.