Reuters: Hot Stocks: Australia shares fall 0.6 pct, miners and banks lag

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Australia shares fall 0.6 pct, miners and banks lag Jan 8th 2013, 05:25 Tweet Share this Email Print Tue Jan 8, 2013 12:25am EST (Updates to close) SYDNEY, Jan 8 (Reuters) - Australian shares ended 0.6 percent lower on Tuesday, losing steam as miners and banks retreated amid investor caution about a steep rise in iron ore prices, U.S. corporate earnings and debt ceiling talks. Top miner BHP Billiton Ltd eased 0.8 percent, while Rio Tinto Ltd fell 1.2 percent. Australia's biggest lender Commonwealth Bank of Australia lost nearly 2.0 percent, stepping back from an all-time high hit in the previous session. The S&P/ASX 200 index was down 27.1 points at 4,690.2, according to the latest data. It slipped 0.1 percent to 4,717.3 on Monday. New Zealand's benchmark NZX 50 index inched up 0.1 percent to close at a fresh 5-year high of 4,090.4. (Reporting by Maggie Lu Yueyang; Editing by Richard Pullin) 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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