Reuters: Hot Stocks: Australia shares fall 1.0 pct to 4-1/2 mth low

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Australia shares fall 1.0 pct to 4-1/2 mth low Jun 6th 2013, 00:27 Tweet Share this Email Print Wed Jun 5, 2013 8:27pm EDT (Updates to open) SYDNEY, June 6 (Reuters) - Australian shares fell 1.0 percent to a four-and-a-half month low early on Thursday, hit by losses on Wall Street as worries grew that the U.S. Federal Reserve may scale back its stimulus earlier than the market had anticipated. Major banks were all down more than 1 percent, with National Bank of Australia falling 2.0 percent and Australia and New Zealand Banking group 1.8 percent lower. Miner BHP Billiton Ltd edged 0.1 percent higher, while Rio Tinto Ltd dropped 0.6 percent. The S&P/ASX 200 index lost 47.0 points to 4,788.2 by 0013 GMT, extending a 1.3 percent fall on Wednesday. The index is now trading at its lowest levels since mid-January. New Zealand's benchmark NZX 50 index fell 1.2 percent to 4,399.8. (Reporting by Maggie Lu Yueyang; Editing by John Mair) 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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