Off the wire
• Urgent: Hillary Clinton projected to win final Democratic presidential primary in Washington, D.C.  • Tokyo stocks open down on concerns ahead of Britains Brexit vote  • Dollar moves in lower 106 yen range in early trade in Tokyo  • Apple CEO impressed by nine-year-old Australian app maker  • Clean-up of dead livestock begins following Australian floods  • Xinhua world news summary at 0030 GMT, June 15  • 17-year-old charged with terror offence over social media posts in Sydney  • Aussie scientists discover breakthrough key feature of life outside our solar system  • Copa America: Colombian fans anxious before game against Peru  • Researchers say legalization trial escalates elephant poaching  
You are here: 　 Home

Australian shares open lower

Xinhua, June 15, 2016 Adjust font size:

The Australian share market opened lower on Wednesday.

At 10:10 a.m. local time (AEST), the benchmark S&P/ASX200 index was down 28 points, or 0.54 percent, at 5,175.3, while the broader All Ordinaries index was down 27.8 points, or 0.53 percent, at 5,254.4.

IG market analyst Angus Nicholson said in a note on Wednesday it would be a difficult day for the materials and energy sectors.

"Rio Tinto has announced that they will buy back 1.7 billion Australian dollars (1.24 billion U.S. dollars) of their 2018 debt, improving their leverage ratio, which should improve investor sentiment on the stock," Nicholson said.

"But overnight developments in iron ore and China may prove bigger concerns for trading today."

At the open, ANZ was down 1.51 percent, the Commonwealth Bank of Australia lost 1.3 percent, the National Australia Bank was down 1.36 percent, and Westpac lost 1.32 percent.

Rio Tinto opened 2.51 percent lower, while BHP Billiton was down 3.93 percent. Woodside was down 0.48 percent. Endit