Reuters: Hot Stocks: Miners, banks drag Australian shares lower

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

Miners, banks drag Australian shares lower Mar 25th 2013, 23:17 Mon Mar 25, 2013 7:17pm EDT SYDNEY, March 26 (Reuters) - Australian shares fell 0.7 percent on Tuesday as investors sold miners and financials in response to weak metal prices and new worries about the prospects for Cyprus and the eurozone. Blue chip miners BHP Billiton Ltd and Rio Tinto Ltd dropped 1 percent and 2 percent respectively. The benchmark S&P/ASX 200 index lost 33.9 points to trade at 4,956.3 by 2310 GMT. It rose 0.5 percent on Monday. New Zealand's benchmark NZX 50 index inched up 0.2 percent or 7.9 points to 4,348.6. (Reporting by Thuy Ong; Editing by Stephen Coates)

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