Reuters: Hot Stocks: Australian shares fall ahead of U.S. jobs report; Newcrest plunges

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Australian shares fall ahead of U.S. jobs report; Newcrest plunges Jun 7th 2013, 00:30 Tweet Share this Email Print Thu Jun 6, 2013 8:30pm EDT (Updates to open) SYDNEY, June 7 (Reuters) - Australian shares fell 0.6 percent early on Friday following a volatile trading day on Wall Street, with selling in banks and resource stocks led by Newcrest Mining Ltd which plunged to a 9-year low. Analysts said investors were cautious ahead of the release of the U.S. jobs report later in the day, which could provide clues about the future of the U.S. central bank's stimulus measures. The S&P/ASX 200 index lost 27.9 points to 4,753.3 by 0016 GMT, on track to post a fourth straight weekly fall. On Thursday, the benchmark fell 1.1 percent to a 4-1/2-month low. Newcrest fell more than 14 percent at the open and last traded 8.8 percent lower at A$12.17, after it said it would write down its asset values by up to $6 billion in response to the worst slide in gold prices in 30 years. New Zealand's benchmark NZX 50 index rose 0.2 percent to 4,462.7. (Reporting by Maggie Lu Yueyang; Editing by Stephen Coates) 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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