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Australian Stock Market Report – Midday 3-28-13

By: International Business Times
Posted: 3/27/2013 9:48:00 PM
Referenced Stocks: RIO

(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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