10 Sep Miners to weigh on Australian stocks; New Zealand flat
Australian shares are expected to come
under pressure from mining stocks on Wednesday, with
heavyweights BHP Billiton Ltd and Rio Tinto Ltd
to lose on lower metal prices.
Chinese steel futures fell more than 4 percent and coke
prices also tanked after sources suggested China may allow for
more flexible production cuts, while base metal prices slid on
trade concerns.
The local share price index futures fell 14 points
to
under pressure from mining stocks on Wednesday, with
heavyweights BHP Billiton Ltd and Rio Tinto Ltd
to lose on lower metal prices.
Chinese steel futures fell more than 4 percent and coke
prices also tanked after sources suggested China may allow for
more flexible production cuts, while base metal prices slid on
trade concerns.
The local share price index futures fell 14 points
to
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