Reuters: Hot Stocks: Australia shares fall 1 percent, banks sink

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Australia shares fall 1 percent, banks sink Nov 8th 2012, 23:27 Tweet Share this Email Print Related Topics Basic Materials » Industrials » Thu Nov 8, 2012 6:27pm EST (Updates to open) CANBERRA, Nov 9 (Reuters) - Australian shares fell 1.0 percent early on Friday, with big banks and miners dropping after losses in Wall Street, as investors remain cautious about U.S. fiscal woes and a change of leadership in China, Australia's top consumer of resources. Westpac Banking Corp tumbled 4.2 percent, while global miner BHP Billiton dropped 1.0 percent and Rio Tinto Ltd fell 1.6 percent. The benchmark S&P/ASX 200 index was down 42.2 points to 4,441.6 by 2320 GMT. It fell 0.7 percent to 4,483.8 on Thursday. New Zealand's benchmark NZX 50 index slipped 0.1 percent to 3,950.1. (Reporting by Maggie Lu Yueyang; Editing by Paul Tait) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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