[BENGALURU] Australian shares tracked a global selloff on Thursday, with mining stocks leading the losses, eroding part of last week's rally as the drawn-out Sino-US trade war weighed on investor sentiment.
"The rally has well and truly run out of steam on a technical basis and on a fundamental basis," said James McGlew, Executive director of corporate stockbroking at Argonaut. Mining major Rio Tinto Ltd fell as much as 2.5 per cent, while the world's biggest miner BHP Group also dipped 1.1 per cent. Even gold stocks, typically considered a safe investment in times of turmoil, gave up earlier gains to fall as much as 0.4 per cent. Evolution Mining Ltd lost as much as 0.8 per cent.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australia: Shares follow global market down as trade worries bite; New Zealand falls[BENGALURU] Australian shares eased on Wednesday, in line with global peers again focused on threats to economic growth from a prolonged trade row between Washington and Beijing. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Australian, New Zealand: Shares buckle under trade war strain[BENGALURU] Australian shares tracked a global selloff on Thursday, with mining stocks leading the losses, eroding part of last week's rally as the drawn-out Sino-US trade war weighed on investor sentiment. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Australia: Shares end in red as trade war bites risk appetite[SYDNEY] Australian shares closed lower on Thursday, led by commodity firms and weighed by fresh exchanges in the protracted Sino-US trade war that has hit global investor appetite. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Australia: Shares up on mining gains[SYDNEY] Australian equities beat a three-session losing run on Tuesday as mining stocks rallied on firmer iron ore prices, sending shares of global miner Rio Tinto to their highest close since 2008. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Australia: Shares end flat[SYDNEY] Australian shares ended flat on Monday as weakness in banks was offset by gains in mining stocks, with global miner Rio Tinto ending at its best level in over a decade. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Australia: Shares end the day lower[SYDNEY] Australian shares fell on Wednesday with commodity stocks weakening the most as global growth concerns hurt risk appetite, although rare earths miners gained on the possibility that Beijing could halt exports of these metals to the United States. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Singapore shares dip 0.1% on continuing trade woes, growth concernsINVESTOR sentiment in Asia soured on Wednesday as trade worries and growth concerns showed no signs of easing after Wall Street returned from the Memorial Day break. The local market was not spared from the sea of red across the region. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Tokyo: Shares close higher on dovish Trump[TOKYO] Tokyo shares closed higher on Tuesday as investors expressed relief over this weekend's EU elections and US President Donald Trump's softer approach on trade in his meeting with Japan's prime minister. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Alliance Healthcare issues 32 million shares at S$0.20 per share in IPO“The listing of our company is timely, as we seek to further enhance our standing in the expanding healthcare space, driven by, among others, an ageing population and a rising regional healthcare demand for specialist care treatment and high-end ...
Source: BusinessTimes - 🏆 15. / 51 Read more »
Malaysia: Shares open higher on TuesdayMALAYSIA share prices opened higher on Tuesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 2.91 points to 1,604.26 at 9am. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Singapore shares decline at Tuesday's open; STI down 0.1% to 3,168.4SINGAPORE shares inched lower on Tuesday, with the Straits Times Index retreating 2.37 points, or 0.07 per cent to 3,168.40 as at 9.02am. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »