Reuters: Hot Stocks: Australia shares fall on metal prices; eye China PMI

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Australia shares fall on metal prices; eye China PMI Feb 28th 2013, 23:19 Tweet Share this Email Print Thu Feb 28, 2013 6:19pm EST (Update to open) SYDNEY, Mar 1 (Reuters) - Australian shares slipped 0.4 percent early on Friday, pulling back from 4-1/2 year highs touched in the previous session, as big miners lost ground on lower metal prices and investors' expectations that China's February official purchasing managers' index (PMI) will edge lower. China, Australia's biggest resources buyer, releases its official PMI for February on Friday. A Reuters poll showed analysts expect it to edge lower. The benchmark S&P/ASX 200 index lost 22.2 points to 5,081.9 as of 2315 GMT. The benchmark jumped 1.3 percent on Thursday to its highest close since September 2008. New Zealand's benchmark NZX 50 index fell 0.3 percent to 4,306.6. (Reporting by Maggie Lu Yueyang; Editing by Chris Gallagher) 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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