Australian S&P/ASX 200 index slips on BHP Billiton announcement

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Source: Dukascopy Bank
Australian S&P/ASX 200 Index tumbled on Tuesday as BHP Billiton's announcement about slowing China's demand for resources weighed down on South Pacific index. S&P/ASX 200 Index fell 0.37% or 15.80 points and finished at 4,275.00 driven down by resource stocks. BHP Billiton lost 0.6%, Rio Tinto edged down 0.4% and Fortescue Metals Group slipped 1%. On the upside the index was supported by Intrepid Mines which rallied 12.5%. 
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Tue, 20 Mar 2012 15:26:43 GMT

FTSE 100 index down on inflation data

British FTSE 100 index extended losses on Tuesday after BHP Billiton announced the demand for iron ore from China was falling. Resource stocks weighed heavily on the index with BHP Billiton tumbling 3.4% and Fresnillo slipping 4.4%. Rio Tinto and Kazakhmys lost 3.7% and 2.8% respectively. Banking shares declined after data showed UK inflation climbed 3.4% and remained above BoE

Tue, 20 Mar 2012 16:29:02 GMT

Hang Seng index edges down on China growth concerns

Hong Kong's Hang Seng index fell on Tuesday after mining company BHP Billiton claimed Chinese demand was declining indicating economic slowdown. Hang Seng index tumbled 1.08% or 227.05 points and settled at 20,888.24. Resource stocks posted the biggest losses in Hong Kong: Jiangxi Copper slipped 2.4% and China Petroleum & Chemical lost 3.9%. Sun Hung Kai Properties shed 2.4% on

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