Wednesday, April 10, 2013

Reuters: Hot Stocks: Australian shares down 0.2 pct as banks fall; miners jump

Reuters: Hot Stocks
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Australian shares down 0.2 pct as banks fall; miners jump
Apr 10th 2013, 06:13

Wed Apr 10, 2013 2:13am EDT

SYDNEY, April 10 (Reuters) - Australian shares closed down 0.2 percent on Wednesday, as a retreat in financial stocks offset a rally in resources driven by higher iron ore prices.

The benchmark S&P/ASX 200 index shed 8.8 points to 4,968.0, according to the latest data. The index jumped 1.5 percent on Tuesday, its largest single-day rise in three weeks.

New Zealand's benchmark NZX 50 index rose 0.6 percent or 24.9 points to 4,420.0. (Reporting by Maggie Lu Yueyang; Editing by Sanjeev Miglani)

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