Lonsec Market Commentary – August 2015
The S&P/ASX 200 Accumulation Index fell 7.8% in August, lead by the banking and energy sectors.
There was continued global and domestic market volatility, primarily due to a series of Chinese currency devaluations. Equity markets fell sharply in late August before recovering a little towards the end of the month.
The Australian Dollar fell against the US Dollar, falling 2.7% over the month.
For a summary of the domestic and international economic news for August you can read the full Lonsec Market Commentary here:
