The Australian Securities Exchange (ASX) closed down 14.4 points, to 5,411.1 points, on November 1. The ASX hit a high of 5,425.9 points today and a low of 5,405.4 points, The Sydney Morning Herald reported.
The market closed lower due to a number of factors. Domestic manufacturing activity expanded to a three-year high in October, and the HSBC China Purchasing Managers’ Index hit 50.9 last month, a jump from 50.2 in September, 123jump.com reported. The Australian Bureau of Statistics also reported that the Producer Price Index was up 1.3 percent for the last three months as domestic prices rose 0.8 percent and import prices increased nearly 6 percent.
Most energy and mining companies saw losses on the ASX today. Australia-based mining company PanAust (ASX:PNA) experienced the biggest losses among energy companies, falling 5.45 percent, or $0.11, to $1.91.