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Australia resources shares offer value, but is long slide over?

Posted on 20 June 2013

Big price declines and a sharply weaker Australian dollar have made shares in Australian resources companies more attractive on paper. But China’s cooling economy and a rising U.S. dollar are giving some investors the shivers.
Once market darlings, shares in Australian mining and mining-services companies have tumbled this year, pushing the S&P/ASX 200 Materials index to a four-year low last week. The declines have attracted some bargain hunters BlackRock Inc., the world’s largest asset manager, said this month that it had been buying Australian mining shares………………………………………..Full Article: Source


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