Reuters: Hot Stocks: Australia shares suffer biggest fall in nearly 6 weeks, 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

Australia shares suffer biggest fall in nearly 6 weeks, miners hit Aug 7th 2013, 06:26 Wed Aug 7, 2013 2:26am EDT SYDNEY Aug 7 (Reuters) - Australian shares dropped 1.9 percent on Wednesday, their biggest fall in 5-1/2 weeks, as selling in miners and financials accelerated in late trade amid sharp losses in regional markets. Investors also remained on the defensive ahead of the earnings season, with uncertainty about the U.S. Federal Reserve's stimulus programme putting a further dampener. In another blow to miners, Australia's High Court on Wednesday found a controversial profits tax on iron ore and coal mines was constitutional. The S&P/ASX 200 index fell 94.3 points to 5,011.3, its biggest one-day drop since July 1. The benchmark dipped 0.1 percent on Tuesday.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions