SYDNEY/WELLINGTON: Australian shares fell sharply on Wednesday, with investors struggling to find a solid footing ahead of US Senate election results while concerns that a Sydney coronavirus cluster may have spread to regional areas also whacked risk appetite.
The S&P/ASX 200 index closed 1.1% lower at 6,607.1 points, extending losses to a second straight session.
Bucking the trend, energy firms gained as much as 3.3%, following a 5% climb in crude prices overnight on news that Saudi Arabia will make voluntary cuts to its oil output.
In New Zealand, the benchmark S&P/NZX 50 index closed 0.3% weaker, with dairy giant A2 Milk shedding the most.
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