Business
ASX set for weak open as Wall Street takes a breather – Sydney Morning Herald
The Australian market has slumped in the last full session of the year, with local investors taking their lead from a flat US markets.
Fortescue shares were down 0.9 per cent to $23.76, while BHP and Rio Tinto slumped 0.3 and 0.35 respectively.
Sims Limited was rare bright spark in the session, with the scrap metal recyler’s shares up 2.6 per cent to $13.34.
Travel sector stocks were broadly subdued with Qantas 0.1 per cent weaker at $4.96, Flight Centre down 1.6 per cent at $16.50 and Webjet slipping 1.32 per cent to $5.25.
Xero was the only one of the big five tech stocks to keep its head above water, with its shares up 0.3 per…
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