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CBA leads $40 billion wipe-out in the ASX 's biggest rout in two years

2015-05-06 10:08:03| Grocery - Topix.net

Commonwealth Bank, which fell nearly 6 per cent, and Woolworths were responsible for more than a third of the loss on the ASX200 in a "very tough day" for investors. Australian shares lost close to $40 billion in value in their biggest slump since February 2013, as poor profit results from Commonwealth Bank and Woolworths sparked a major bout of selling in the banking and consumer staples sectors and throughout the broader market.

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