empty
 
 

2013.07.0802:35:33UTC+00Australia stocks slump as miners retreat

Australian stocks decline in early trade Monday, with mining issues hurt as a bolstering U.S. dollar marched most commodity prices down late last week. The S&P/ASX 200 sank 0.1% to 4,839 as shares of BHP Billiton Ltd. and Rio Tinto Ltd. relinquished 1.4% each, and gold producer Newcrest Mining Ltd. surrendered 5.6%. Gains in banking and energy shares, however, helped limit losses on the equity benchmark, with Commonwealth Bank of Australia inched up 0.4% and Woodside Petroleum Ltd. greater by 1.3%. Meanwhile, the Australian dollar weakened versus the U.S. unit, purchasing 90.54 U.S. cents compared with 90.65 cents late Friday. The S&P/ASX 200 last week skyrocketed 0.8%. 

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback