Business
Australian share market dragged down by miners despite Wall Street records – ABC News
The local share market falls in early trade, despite a strong lead from Wall Street. Federal Reserve chair Jerome Powell tips very strong US jobs growth ahead.
The local share market has fallen in early trade, despite a strong session on Wall Street on Friday.
Key points:
- Mining stocks, including gold miners, weighed on the ASX 200
- In Hong Kong, shares in e-commerce giant Alibaba have surged
- Wall Street finished its week with records for the S&P 500 and Dow Jones
By 12:20pm (AEST), the ASX 200 was down by 0.4 per cent to 6,967 points, with most sectors in the red.
Mining stocks dragged, including BHP (-0.5pc), Fortescue (-1.5pc) and gold miners Silver Lake…
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