Thursday, December 20, 2012

Reuters: Hot Stocks: Australia shares slip, fiscal cliff weighs

Reuters: Hot Stocks
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Australia shares slip, fiscal cliff weighs
Dec 21st 2012, 05:24

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Fri Dec 21, 2012 12:24am EST

  (Updates with closing levels)      SYDNEY, Dec 21 (Reuters) - Australian shares slipped 0.2  percent on Friday pulled down by shares in mining and gold as  news of a Republican collapse in the U.S. "fiscal cliff" wrangle  weighed on investor sentiment leading up to the Christmas break.      Miners BHP Billiton Ltd and Rio Tinto Ltd   both dropped 0.9 percent.      Gold miner Newcrest Mining slipped 0.1 percent  while Evolution slumped 6.4 percent.      The benchmark S&P/ASX 200 index was 10.5 points  lower at 4,623.6 still near the highs reached earlier this week.  The market has advanced 13.8 percent over 2012.      New Zealand's benchmark NZX 50 index lost 0.5  percent, or 20.7 points to 4,054.7.     (Reporting by Thuy Ong; Editing by Eric Meijer)  
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