Reuters: Hot Stocks: Australian shares suffer biggest 1-day loss in a month; miners hit

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

Australian shares suffer biggest 1-day loss in a month; miners hit Apr 18th 2013, 06:17 Thu Apr 18, 2013 2:17am EDT SYDNEY, April 18 (Reuters) - Australian shares fell 1.6 percent on Thursday, the biggest one-day percentage loss in a month, as a sharp drop in commodities prices dented investor sentiment and increased worries about global growth and demand for the resource-rish nation's raw materials. Global miner BHP Billiton sank 4.4 percent to a nine-month low of A$30.65, while smaller rival Rio Tinto Ltd dropped 4.6 percent to close at a seven-month low of A$52.07. The benchmark S&P/ASX 200 index lost 80.2 points to 4,924.4, according to the latest data. The benchmark rose 1.1 percent on Wednesday. New Zealand's benchmark NZX 50 index closed 0.8 percent lower at 4,442.1.

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