The S&P/ASX 200 shed 0.1 per cent, or 9.9 points, to 6591.1, its lowest level since December 2020. The broader All Ordinaries Index edged just 0.03 per cent lower to 6783.7.
Australian shares fell for a fifth straight day on Thursday in a session that reversed a morning rally after investors became worried
The benchmark S&P/ASX200 index dropped into negative territory in the final hour of trade to finish Thursday down 9.9 points to 6,591.1, a drop of 0.15 per cent.
Australia’s blue-chip index jumped as much as 1.1 per cent in early trade.
The underemployment rate fell by 0.4 of a percentage point to 5.7 per cent, while the under utilisation rate, which includes both unemployed and underemployed people, fell to 9.6 per cent, its lowest level since April 1982.