Australian Stock Market Report – Midday 3-28-13

By Juliette Saly, CommSec Market Analyst,

Shutterstock photo

(12.30pm AEDT)

Uncertainties about Europe have again reared their head, rattling European and US blue chip stocks overnight. Locally, the Australian share market fell quite hard on open but is currently down around 0.3% at lunchtime in the East.

Financial stocks are the biggest drag, with

Mining stocks are faring better, shares in Rio Tinto ( RIO ) are up more than 1% at lunchtime while Fortescue Metals Group (FMG), which rose 4.5% yesterday is up another 2.2% to $4.07.

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

This article appears in: Investing Commodities
Referenced Stocks: RIO

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