Aussie shares drop over 1.2%
Australian shares were lower at midday following falls on Wall Street over the weekend as the SEC charged Goldman Sachs with fraud.
The S&P/ASX 200 dropped 64.6 points or 1.3 per cent to 4920.1.
Among the major miners, BHP Billiton fell $0.65 or 1.49 per cent to $42.89 and Rio Tinto was $1.27 or 1.59 per cent lower to $78.40.
In financials, CBA lost $0.78 or 1.3 per cent to $59.05, Westpac was $0.45 or 1.6 per cent lower to $27.73, NAB took off $0.44 or 1.55 per cent to $27.93 and ANZ was $0.42 or 1.63 per cent lower to $25.27. Macquarie Group fell $1.43 or 2.77 per cent to $50.16.
In gold mining, Lihir Gold was $0.01 or 0.25 per cent higher to $3.99 and Newcrest Mining took off $0.46 or 1.33 per cent to $34.15.
To energy, and Woodside Petroleum lost $0.69 or 1.48 per cent to $46.03 and Santos dropped $0.34 or 2.36 per cent to $14.08.
And among the retailers, Woolworths was $0.10 or 0.37 per cent lower to $27.18 and Wesfarmers took off $0.49 or 1.51 per cent to $31.90.
Among the airlines, Qantas fell $0.07 or 2.35 per cent to $2.91 and Virgin Blue plummeted $0.04 or 6.11 per cent to $0.62.
Around Asia, the Nikkei was 194 points or 1.75 per cent lower to 10,908.2 and the Hang Seng fell 307 points or 1.4 per cent to 21,558.3.
The Australian dollar was buying 92.12 US cents, 60.3 pence Sterling, 68.47 Euro cents and 84.84 Japanese yen.
Published on: Monday, April 19, 2010blog comments powered by Disqus
Today on Switzer
With JB Hi-Fi’s share price up, are retail and consumer discretionary stocks set for a positive 2015? FNArena’s Rudi Filapek-Vandyck passes his judgement. (Broadcast Thursday 30 October 2014.)
For insights into the US Federal Reserve’s decision to end QE3, and what it means for stocks, AMP Capital Chief Economist Shane Oliver joins Switzer TV. (Broadcast Thursday 30 October 2014.)
A review of the US Federal Reserve decision; new home sales data and the trade price index – and the implications for interest rates.
US stocks up. US economy up. I'm not monkeying around‚ I'm a believer!
Ahead of the decision on QE3, how is the stock market likely to react and is everything going well enough to sustain a strong rally into the new year? Marcel von Pfyffer tackles this and more. (Wednesday 29 October 2014.)
Medibank is not a “high yielder” – and for my book, not “attractive”. Why are investors being misled?