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Commodity price fall hits Rio Tinto, BHP Billiton shares

Posted on 04 June 2013

Australian stocks finished lower as investors sold off mining stocks due to weaker commodity prices. The benchmark S&P/ASX200 index was 38.3 points, or 0.78 per cent, lower at 4888.3 points, while the broader All Ordinaries index was 40.3 points, or 0.82 per cent, weaker at 4873.7.
IG markets analyst Evan Lucas said the major miners suffered as the price of iron ore continued to fall. “The falls at Rio and BHP have got faster as iron ore continues to slide and there’s a bit of a rotation out,” Mr Lucas said………………………………………..Full Article: Source


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