The Australian sharemarket fell the most in five weeks today, with financial, material and industrial stocks leading the decline as global equity markets lost upward momentum following strong gains last week on the resolution of the US fiscal-cliff impasse.
The benchmark S&P/ASX 200 closed down 0.6 per cent at 4690.2, reversing a 0.4 per cent intraday gain.
Source:
http://www.theaustralian.com.au/business/markets/shares-slip-as-profits-locked-in/story-e6frg916-1226549730678
