Aust shares slip as miners, energy weigh

aust shares slip as miners energy weigh

Sumary of Aust shares slip as miners, energy weigh:

  • Credit: AAPShare to FacebookShare to TwitterEmail UsCopy the LinkAustralian shares were trading lower at midday, in line with peers across Asia, amid concerns over a new coronavirus variant and a dip in energy prices.
  • The All Ordinaries was lower by 50.1 points, or 0.65 per cent, to 7686.8 points.
  • Despite US markets closed for Thanksgiving and European stocks ending higher, Asian markets started off on the wrong foot after reports of the new virus variant, detected in South Africa, prompted the UK to hurriedly introduce travel restrictions from the region.
  • Shares in Oil Search, Woodside and Santos all declined more than two per cent each as crude oil prices edged lower after the US this week announced it would release emergency oil reserves to cool the market.
  • Mining stocks were also lower, with Fortescue Metals dropping more than 3 per cent to $17.31 while bigger rivals BHP and Rio Tinto also slipped over two per cent each.

Want to know more click here go to source.

From -

Generic selectors
Exact matches only
Search in title
Search in content

Site Language

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.