PERTH: Fresh fears over Greece’s bailout negotiations have weighed on the Australian sharemarket, after European and US stocks fell overnight.
At the 10.15am (AEST) official market open, the benchmark S & P/ASX200 index retreated 15.5 points, or 0.27 per cent, to 5,671.3 points, while the broader All Ordinaries index gave up 15.2 points, or 0.27 per cent, to 5,657.5.
US stocks ended the session in the red despite an upward revision in first quarter GDP numbers.
At the closing bell, the Dow Jones Industrial Average lost 178 points, or 1 per cent, to 17,966 and the S & P 500 index retreated 16 points, or 0.7 per cent, to 2,109.
Eurozone finance ministers suspended a crunch meeting on Greece’s debt crisis as the various parties failed to reach agreement.
