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AAP
AAP
Business
Adrian Black

Australian shares slip as Santos drags on energy stocks

Australian shares have lost ground after energy stocks tumbled more than five per cent. (Bianca De Marchi/AAP PHOTOS)

Australian shares have ended the day lower as Santos led a plunge in energy stocks after yet another suitor abandoned plans to buy the oil and gas giant.

The benchmark S&P/ASX200 fell 73.3 points, or 0.83 per cent, to 8,745.2, as the broader All Ordinaries lost 64 points, or 0.70 per cent, to 9,030.9.

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