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
As the reporting season heats up, Ben Griffiths, of boutique fund manager Eley Griffiths Group, tells us how he’s playing the market. (Broadcast on Tuesday 29 July 2014.)
Experts blame the economic crisis and changing social attitudes for the decline in weddings.
Are we vulnerable to another GFC? Professor Elizabeth Sheedy from Macquarie University discusses new research that shows Australia, Canada and Singapore are leading the way in post-GFC risk governance reforms, but four major countries are falling behind. (Broadcast on Tuesday 29 July 2014.)
Launching Greg Combet's book, the nutters resurfaced. But let's focus on bigger fryable fish.
Hugo Boss managing director Matthew Keighran joins Switzer TV for a look at how big retail brands are tackling the online world, how the retail industry is travelling and much more (Broadcast on Tuesday 29 July, 2014).
One of the fast-growing areas in the digital space is gaming, and Spiral Media is tapping into this burgeoning business opportunity. For more, Scott Wenkart joins Switzer TV.