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Australian stocks slip with weak U.S. lead and mixed commodity prices

Australian stocks slip with weak U.S. lead and mixed commodity prices

Australian stocks slipped Tuesday due to a weak lead from Wall Street and mixed commodity prices overnight.
The benchmark S&P/ASX200 index fell 20.2 points, or 0.3 percent, to 6,145.8, while the All Ordinaries index dropped 18.1 points to 6,140.2.
Austock Brokers senior client adviser Michael Heffernan said a combination of mixed commodity prices and a flat lead from Wall Street drove the market lower.
"When you've got no leads from the U.S., commodity prices were pretty mixed, there's no major news coming out ... there's nothing else that really drives the market," he said.
Heffernan said the market fall did not take the shine off St. George Bank, Australia's fifth largest bank, which announced a 14 percent jump in net profit for the six months through March, to 572 million Australian dollars (US$474 million;


Updated : 2021-03-09 15:50 GMT+08:00