Bursa Alert
Global Market
NewsAustralia shares suffer biggest fall in nearly 6 weeks, miners hit
Page 1 of 1
Australia shares suffer biggest fall in nearly 6 weeks, miners hit
by Cals Wed 07 Aug 2013, 14:59
Australia shares suffer biggest fall in nearly 6 weeks, miners hit
Business & Markets 2013
Written by Reuters
Wednesday, 07 August 2013 14:28
SYDNEY (Aug 7): Australian shares dropped 1.9 percent on Wednesday, their biggest fall in 5-1/2 weeks, as selling in miners and financials accelerated in late trade amid sharp losses in regional markets.
Investors also remained on the defensive ahead of the earnings season, with uncertainty about the U.S. Federal Reserve's stimulus programme putting a further dampener.
In another blow to miners, Australia's High Court on Wednesday found a controversial profits tax on iron ore and coal mines was constitutional.
The S&P/ASX 200 index fell 94.3 points to 5,011.3, its biggest one-day drop since July 1. The benchmark dipped 0.1 percent on Tuesday.
New Zealand's benchmark NZX 50 index fell 0.6 percent or 27.2 points to 4,548.3. - Reuters
Business & Markets 2013
Written by Reuters
Wednesday, 07 August 2013 14:28
SYDNEY (Aug 7): Australian shares dropped 1.9 percent on Wednesday, their biggest fall in 5-1/2 weeks, as selling in miners and financials accelerated in late trade amid sharp losses in regional markets.
Investors also remained on the defensive ahead of the earnings season, with uncertainty about the U.S. Federal Reserve's stimulus programme putting a further dampener.
In another blow to miners, Australia's High Court on Wednesday found a controversial profits tax on iron ore and coal mines was constitutional.
The S&P/ASX 200 index fell 94.3 points to 5,011.3, its biggest one-day drop since July 1. The benchmark dipped 0.1 percent on Tuesday.
New Zealand's benchmark NZX 50 index fell 0.6 percent or 27.2 points to 4,548.3. - Reuters
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» Australia shares fall on miners, Orica slumps
» Australia shares post biggest one-day gain in 6 weeks, led by banks
» Hong Kong shares suffer biggest fall in 3 years on Greek crisis fears
» China stocks suffer biggest one-day fall since global financial crisis
» Update Oil recovers to above $110 after biggest fall in 5 weeks
» Australia shares post biggest one-day gain in 6 weeks, led by banks
» Hong Kong shares suffer biggest fall in 3 years on Greek crisis fears
» China stocks suffer biggest one-day fall since global financial crisis
» Update Oil recovers to above $110 after biggest fall in 5 weeks
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum