Thursday, August 15, 2013

Reuters: Hot Stocks: Australia shares slip 0.1 pct; earnings fail to offset Fed uncertainty

Reuters: Hot Stocks
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Australia shares slip 0.1 pct; earnings fail to offset Fed uncertainty
Aug 15th 2013, 06:24

Thu Aug 15, 2013 2:24am EDT

SYDNEY Aug 15 (Reuters) - Australian shares edged down 0.1 percent on Thursday, as a mixed bag of earnings failed to provide a buffer against uncertainty over when the Federal Reserve might start to trim its massive stimulus.

Top wealth manager AMP Ltd jumped 3.5 percent after posting a smaller-than-expected fall in first half results, while supermarket Coles-owner Wesfarmers Ltd lost 1.6 percent after missing analysts forecast.

The S&P/ASX 200 index fell 5.0 points to 5,152.4. The benchmark finished steady at 5,157.4 points on Wednesday.

New Zealand's benchmark NZX 50 index edged 0.1 percent higher 4,530.3 points.

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