(Bloomberg) -- Australian stocks fell for a third
day. Stocks that depend on global growth, such as BHP Billiton
Ltd. and Macquarie Bank Ltd., dropped on concern losses from the
faltering U.S. subprime market will be worse than expected.
The S&P/ASX 200 Index slid 51.0, or 0.8 percent, to 6331.60
as of 10:28 a.m. in Sydney. About 16 stocks declined for every
three that gained.
Read more at Bloomberg Stocks News
day. Stocks that depend on global growth, such as BHP Billiton
Ltd. and Macquarie Bank Ltd., dropped on concern losses from the
faltering U.S. subprime market will be worse than expected.
The S&P/ASX 200 Index slid 51.0, or 0.8 percent, to 6331.60
as of 10:28 a.m. in Sydney. About 16 stocks declined for every
three that gained.
Read more at Bloomberg Stocks News
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