Thursday, 24 May 2007

Australian Equities Drop, Led by BHP Billiton After Copper, Nickel Slide

(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.''

Commonwealth Bank of Australia and CSL Ltd. led declines
among stocks that reached records in the past week as investors
judged the gains excessive.


Read more at Bloomberg Stocks News

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