* CSL biggest drag on benchmark, down 8.2%
* RBA open to end QE at February meeting
* ASX 200 drops for third session in row
Dec 16 (Reuters) - Australian shares slipped on Thursday,
hit by health firm CSL Ltd and energy stocks, though gains in
tech stocks tracking their U.S. peers helped limit losses.
The S&P/ASX 200 index fell to 0.4% to close at
7,295.7, after losing up to 0.7% earlier to hit lowest since
Dec.7. It extended losses into a third straight session.
Despite a blow-out monthly jobs report and the Reserve Bank
of Australia pushing back rate hike expectations, CSL Ltd's
8.8% drop was enough to drag on the benchmark index.
CSL, one of Australia's largest stocks by market value,
plunged on resuming trade after two days on announcing a
discounted $5 billion placement to fund the $11.7 billion
acquisition of Swiss drugmaker Vifor Pharma.
The stock single-handedly dragged the healthcare subindex
lower by 5.1%, marking its sharpest single-day fall
since March 2020.
Energy stocks fell 1.2%, slipping for the third
session. Beach Energy lost the most, down about 2%.
In contrast, Asian shares tracked Wall Street higher after
the U.S. Federal Reserve said it would end bond-buying stimulus
in March, likely setting up three interest rate increases next
year to tackle heated inflation.
Tech index was a bright spot, as it rallied 2.1% in
tandem with its U.S. peers, with the sector darling Afterpay
settling 1.7% higher.
Among individual stocks, diversified miner IGO Ltd
jumped 2.9%, hitting a record high after announcing the
acquisition of nickel producer Western Areas for at
A$1.10 billion, which jumped 6.2%.
New Zealand's benchmark S&P/NZX 50 index closed down
0.7% at 12,777.5 in its third session of losses. Data showed
that the country's gross domestic product shrank 3.7% in the
third quarter from the previous quarter.
($1 = 1.3976 Australian dollars)
(Reporting by Savyata Mishra in Bengaluru; Editing by Rashmi
Aich)