Wednesday, 23 May 2007

Australia's Stocks Drop, Led by BHP on Metal Prices, Greenspan Comments

(Bloomberg) -- Australian stocks fell, led by BHP
Billiton Ltd., after metals prices dropped and former Federal
Reserve Chairman Alan Greenspan warned the stock market in China
faces a ``dramatic contraction.''

The S&P/ASX 200 Index lost 46.30, or 0.8 percent, to 6308.80
as of 10:17 a.m. in Sydney. About eight times more stocks fell
than rose.


Read more at Bloomberg Stocks News

No comments: