Reuters: Hot Stocks: Australian shares fall 0.9 percent; gold stocks plunge

Reuters: Hot Stocks Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Australian shares fall 0.9 percent; gold stocks plunge Apr 4th 2013, 05:24 Thu Apr 4, 2013 1:24am EDT SYDNEY, April 4 (Reuters) - Australian shares dropped 0.9 percent on Thursday, pulled down by weaker commodities' prices and broader concern over rising tensions on the Korean peninsula. Strong Australian retail and building data failed to lift the market. Gold stocks were hit hard after bullion dropped to a ten-month low, with the world's No 3 gold miner Newcrest Mining Ltd dropping 5.2 percent. The S&P/ASX 200 index lost 44.2 points to close at 4,913.5, according to the latest data. The benchmark dropped 0.6 percent on Wednesday. New Zealand's benchmark NZX 50 index ended 0.4 higher at 4,430.2.

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