Reuters: Hot Stocks: Australia shares slip as miners sink

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Australia shares slip as miners sink Jan 23rd 2013, 23:32 Tweet Share this Email Print Wed Jan 23, 2013 6:32pm EST MELBOURNE, Jan 24 (Reuters) - Australian shares slipped 0.1 percent on Thursday as top miners sank in cautious trade ahead of manufacturing data from major export market China. The HSBC China PMI figure is due at 0145 GMT on Thursday, with the market expecting the reading to top December's 51.5. The benchmark S&P/ASX 200 index was down 5 points at 4,783 by 2315 GMT. It rose 0.2 percent to 4,787.8 on Wednesday, the highest close in almost 21 months. BHP Billiton fell 0.6 percent while Rio Tinto was down 1.1 percent after copper prices softened and iron ore prices languished offshore. New Zealand's benchmark NZX 50 index inched up 3 points to 4,191.05. Fortescue Metals Group Ltd, Australia's third biggest iron ore miner, will report its quarterly iron ore production later on Thursday. (Reporting by Miranda Maxwell; Editing by Shri Navaratnam) 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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