All
 

 

Just in:  

You are here: Home»Markets»Equity»Australia»Australia shares down on global uncertainty, BHP falters

australia-stock-exchange copySYDNEY: Australian shares slipped 0.8 percent on Thursday, with big miners leading losses after Wall St fell on worries about protracted US budget negotiations and rising violence in the Middle East.

 

BHP Billiton dragged on the index, dropping 1.5 percent as it looks to control costs in a softer iron ore market, while rival Rio Tinto shed 2.1 percent.

 

The benchmark S&P/ASX 200 index was 33 points lower at 4,355.4 by 0051 GMT. It inched up 0.2 percent on Wednesday, but is still down 3.6 percent so far this month.

 

"It's just a follow-through risk seen from US markets. Of course we did just see a sharp selloff on Wall Street as we approach that fiscal cliff," said Stan Shamu, market analyst at IG Markets.

 

"It just seems that there's not much confidence out there." he said.

 

Banks were also weak, with top lender Commonwealth Bank of Australia down 1.1 percent.

 

New Zealand's benchmark NZX 50 index slipped 0.1 percent to 3,951.6 points.

 

Copyright Reuters, 2010


 



 
Index Closing Chg%
Arrow DJIA 17,106.70 0.17
Arrow Nasdaq 4,570.64 0.29
Arrow S&P 2,000.02 0.11
Arrow FTSE 6,822.76 0.70
Arrow DAX 9,588.15 0.82
Arrow CAC-40 4,393.41 1.18
Arrow Nikkei 15,521.22 0.59
Arrow H.Seng 25,074.50 0.37
Arrow Sensex 26,442.81 0.02





where to buy

cheap wedding dresses

online - weddingdresstrend.com

Buy cheap Nike Mercurials cleats at mercurialscleats.com
cheap wedding dresses on SiteSteer.com - Best Online Wedding Store


Banking Review 2013


Buy direct from

China free shipping trade platform

Buy new style hair wigs at cheap price on Ishowigs.com

Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 25, 2014
Reserves $13.925 bln