Reuters: Hot Stocks: Australia shares drop 0.7 pct after U.S. data disappoints

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Australia shares drop 0.7 pct after U.S. data disappoints Feb 4th 2013, 23:20 Tweet Share this Email Print Mon Feb 4, 2013 6:20pm EST SYDNEY, Feb 5 (Reuters) - Australian shares dropped 0.7 percent on Tuesday after discouraging U.S. factory orders hit Wall Street and political ructions in Spain and Italy spurred more profit-taking after a 6 percent rally so far this year. The benchmark S&P/ASX 200 index was 36.2 points lower at 4,871.3 as of 2311 GMT. On Monday, the benchmark index hit an intraday high of 4,951 but ended down 13.6 points at 4,907.5. New Zealand's benchmark NZX 50 index lost 0.6 percent, or 23.2 points, to 4,223.2. (Reporting by Thuy Ong; Editing by Chris Gallagher) 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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