Wednesday, 23 May 2007

Australian Stocks Drop, Led by BHP Billiton After Copper, Nickel Slides

(Bloomberg) -- Australian stocks fell, led by BHP
Billiton Ltd. and Rio Tinto Group, after metals prices including
copper and nickel dropped.

The S&P/ASX 200 Index lost 61.20, or 1 percent, to 6293.90
as of 11:52 a.m. in Sydney. About 17 stocks fell for every three
that rose. The index has dropped 1.2 percent since its record
close on May 21.


Read more at Bloomberg Stocks News

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