Business
ASX opens lower but Fortescue shares rise after miner posts record profit – ABC News
The Australian share market claws back early losses, while shares in iron ore miner Fortescue rise. AMP shares lift as chairman David Murray resigns.
The Australian share market has recouped early losses, while shares in Fortescue have risen after the miner posted a record profit.
Key points:
- After initially falling, the ASX 200 pushed higher led by tech and telco stocks
- Shares in Fortescue rose after it reported a record profit and lifted its dividend
- AMP shares were higher following the resignation of chairman David Murray
By 12:05pm (AEST), the ASX 200 was 0.2 per cent higher at 6,122 points, while the …
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