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
The Australian share market has broken a six day losing streak as bargain hunters picked up the banking and mining stocks that had fallen in value the past week.
And we are hopeful our stocking will have more in 2014.
For a final wrap up of the year, what's happening now and what will happen next year, Simon Bond and Roger Montgomery join Switzer TV.
Holden’s announcement that it will close its Australian operations in 2017 comes as no surprise to HR practitioners.
Let's stop the partisan bickering about the past and start planning for the future.
Black Milk Clothing manufactures clothing in Brisbane, implying over 150 people. For more, Cameron Parker joins Switzer TV.