S&P/ASX 200 Down 0.5% as Shanghai Composite Falls 2%
06 Gennaio 2014 - 5:02AM
Dow Jones News
0332 GMT [Dow Jones] Australia's S&P/ASX 200 is down 0.5% at
5322.7 after hitting a two-week low of 5317.4 as China's Shanghai
Composite fell more than 2% after its services sector PMI index
fell to 50.9 in December from 52.5 in November. Caution about
China's economy may restrain the Australian share market after it
rose as much as 7% in the past three weeks. "Volumes are still very
light," Macquarie Private Wealth investment adviser James Rosenberg
says. "I don't think this fall is of great concern." Wesfarmers
(WES.AU), Woolworths (WOW.AU), CSL (CSL.AU), Woodside (WPL.AU), Rio
Tinto (RIO.AU) and Fortescue (FMG.AU) are down 0.8%-1.6% while CBA
(CBA.AU), Westfield (WDC.AU) and QBE (QBE.AU) are up as much as
0.5%. (david.rogers@wsj.com)
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