Australian Stock Market Report – Afternoon 1/11/2013

By International Business Times,  January 11, 2013, 02:52:23 AM EDT

AFTERNOON REPORT
(6pm AEDT)

Local stocks closed lower today, after Chinese inflation rose more than expected and as concerns about damage from Cyclone Narelle weighed on mining stocks. The All Ordinaries Index (XAO) ended the day's session down 11.4pts or 0.2pct to 4733.8pts, a fall of 0.2% over the week, following last week's 1.2pct gain.

The local market underperformed gains on Wall Street, after the S&P 500 Index hit fresh five year highs overnight.

Read More on International Business Times




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks:



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