Sunday, April 22, 2007

Australian Stocks Fall, Led by St George, Commonwealth Bank; Lihir Plunges

(Bloomberg) -- Australian stocks declined, led by St George Bank Ltd. and Commonwealth Bank of Australia, on concern last week's gain outstripped their earnings potential.

Lihir Gold Ltd. declined after it sold A$972 million ($813 million) shares at a discount.


Read more at Bloomberg Stocks News

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