Australian shares open sharply lower after global sell-off |
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Published
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Wed, 28 Feb 2007 00:55
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SYDNEY (XFN-ASIA) - Australian shares opened sharply lower on broad falls sparked by Tuesday's sell-off on the Shanghai Stock Exchange and with US markets suffering their biggest decline since the 2001 terrorist attacks, dealers said.At 10.15 am, the S&P/ASX 200 was down 207.0 points or 3.45 pct at 5,786.8 while the All Ordinaries Index was down 209.7 points or 3.51 pct at 5,767.9.The falls follow the market trading at record levels over much of February.On Monday, the S&P/ASX 200 closed at an all-time high of 6,044.0 while the All Ordinaries index ended at a record 6,021.9. On Tuesday the market weakened on late afternoon selling as Asian markets fell in response to China's sell-off.Index leader BHP Billiton was down 1.67 aud or 5.72 pct at 27.20 while Rio Tinto was down 4.41 or 5.543 pct at 75.20.Banking stocks suffered smaller falls with National Australia Bank down 0.70 aud or 1.72 pct at 39.98 while Commonwealth Bank was down 0.81 or 1.6 pct at 49.85.News Corp was down 1.34 or 4.25 aud at 30.16 while Telstra was off 0.11 or 2.54 pct at 4.22.(1 usd = 1.27 aud)bruce.hextall@xfn.com
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| Stock
Quotes * |
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NASDAQ
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1398.07 |
-137.50 (
-8.95 %)
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| SYMBOL (
2007-09-26 ) |
| LAST |
CHANGE
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HANSON
(
12:41pm )
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1099.00 |
+3.00 (
0.27 %)
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AMVESCAP
(
11:35am )
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607.50 |
+2.50 (
0.41 %)
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| SYMBOL (
2008-12-01 )
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| LAST |
CHANGE
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INTEL CP
(
4:00pm ) |
|
12.56 |
-1.24 (
-9.16 %)
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| SYMBOL (
2007-09-04 )
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| LAST |
CHANGE
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