Reuters: Hot Stocks: Australia shares slip on weak miners, political uncertainty

Reuters: Hot Stocks Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Australia shares slip on weak miners, political uncertainty Mar 21st 2013, 05:21 Thu Mar 21, 2013 1:21am EDT SYDNEY, March 21 (Reuters) - Australian shares reversed early gains to finish a volatile session down 0.2 percent on Thursday, as weak metal prices hit miners and sentiment was further dented by political uncertainty as Prime Minister Julia Gillard faced a leadership challenge. Billabong shares tumbled 14.2 percent to an all time low of A$0.70 amid concerns about the status of two rival $544 million bids for the troubled surf-wear company. The S&P/ASX 200 index lost 8 points to close at 4,959.4 according to the latest data, down for the fourth consecutive session. The dip reversed intraday gains that saw the index reach 4,998.0 points. The benchmark fell 0.4 percent on Wednesday. New Zealand's benchmark NZX 50 index slipped 0.2 percent, or 6.9 points to 4,342.5. (Reporting by Thuy Ong; Editing by Shri Navaratnam)

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