The ASX has lost ground this morning after a bright start and a positive overseas market lead. Stock are mixed with miners leading the way down while banks stock are holding ground.
BHP Billiton Ltd. (BHP) is down to $34.230 – Change$-0.170 (-0.49%)
Rio Tinto Group (RIO AU) is down to $63.440 – Change $-0.260 (-0.41%)
COMMONWEALTH BANK. FPO (CBA) is up to $49.640 – Change $0.480 (0.98%)
Around ASIAN Markets The NIKKEI is up 26 points, The Hang Seng is down 7 points.
Since August, the ASX 200 has risen only 7.4 per cent. Over the same eight-month period, stocks on the S&P 500 rose 24.8 per cent on Wall Street and the DAX in Germany has grown by 24.8 per cent, as fears for the European debt crisis subsided and the prospects of a US recovery improved.