Reuters: Hot Stocks: Australia shares fall 1.1 pct to new 4-1/2 mth low

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Australia shares fall 1.1 pct to new 4-1/2 mth low Jun 6th 2013, 06:22 Tweet Share this Email Print Thu Jun 6, 2013 2:22am EDT (Updates to close) SYDNEY, June 6 (Reuters) - Australian shares fell 1.1 percent to a fresh four-and-a-half month low on Thursday, hit by selling in banks and miners as investors worry about the possibility of the Federal Reserve scaling back stimulus measures. Investors are cautious ahead of key data out of the United States and China. The U.S. non-farm payrolls report is due on Friday, followed by a slew of China economic data for May including trade, inflation, industrial output and retail sales over the weekend. The S&P/ASX 200 index lost 54.0 points to 4,781.2, according to the latest data. The index extended a 1.3 percent fall on Wednesday to hit its lowest level since mid-January. Australian stocks have also been hit recently by concerns over volatility in Japanese equities and slowing demand from top resources consumer China. New Zealand's benchmark NZX 50 index bounced back and ended the session almost flat. It added 1.7 points to 4,455.3. (Reporting by Maggie Lu Yueyang; Editing by Sanjeev Miglani) 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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