General
Australian share market dragged down by miners despite Wall Street records
The local share market has fallen in early trade, despite a strong session on Wall Street on Friday.
By 10:20am (AEST), the ASX 200 was down by 0.4 per cent to 6,970 points, with most sectors in the red.
Mining stocks dragged, including BHP (-0.9pc), Fortescue (-0.9pc) and South32 (-1.4pc), and gold miners.
Financials was the only sector slightly higher in early trade, with shares in ANZ (+0.3pc), NAB (+0.6pc), Westpac (+0.2pc) and Bank of Queensland (+0.7pc) rising.
The Australian dollar was marginally weaker against the US dollar, buying around 76.2 US cents.
Around the region, stocks in Japan and South Korea edged higher.
Fed chair forecasts ‘very strong’ US jobs growth
In US trade on Friday, the S&P 500 (+0.8pc) and the Dow Jones (+0.9pc)…
-
General23 hours agoDonald Trump’s initial 10 per cent tariff takes effect
-
General22 hours agoJaguar Land Rover in UK pauses shipments to US
-
General20 hours agoTexas opens probe into Kellogg’s health claims, dyes
-
General18 hours agoAustralian share market set to dive as threat of US recession grows