[BENGALURU] Australian shares fell on Thursday, taking their lead from weakness on Wall Street, while large outflows from AMP and a dividend cut from NAB also weighed on sentiment.
Overnight, US Federal Reserve Chairman Jerome Powell dampened market hopes of a rate cut this year, saying economic growth was solid. NAB posted a 7 per cent rise in first-half cash profit but cut its dividend for the first time since 2009 to 83 cents from the 99 cents.Australia's biggest supermarket chain, Woolworths Group , reported a 4.2 per cent rise in third-quarter sales sending its shares to a more than four-year high.