Iron ore miners drag Australian shares lower, NZ gains

* Fortescue drops over 5%, Rio more than 3%

* New Zealand stocks end 6-day losing streak

* a2 Milk soars 12% on upbeat Bubs results (Updates to close)

Oct 13 (Reuters) - Australian shares fell for a third consecutive session on Wednesday, weighed down by iron ore miners due to a plunge in Dalian prices, while a2 Milk led New Zealand stocks higher following an upbeat quarterly report from a smaller dairy firm.

Iron ore-focused miners Fortescue Metals Group FMG.AX and Rio Tinto RIO.AX fell more than 5% and 3%, respectively, after prices of the steel-making ingredient tumbled over 4% in China.

The benchmark ASX 200 .AXJO dipped 0.1% to 7,272.5, also weighed down by a more than 1% drop in the country's top two lenders.

Second-tier lender Bank of Queensland BOQ.AX fell 4.3% after warning that its margins in the coming year would decline due to stiff competition and a low interest rate environment.

Star Entertainment SGR.AX rebounded 6.5%, after losing a quarter of its value in just two sessions on worries that governance concerns would result in even tighter regulatory scrutiny that has plagued the sector and especially its larger rival Crown Resorts CWN.AX .

Star looked to calm nerves in an after-market announcement on Tuesday, saying it had taken measures to address a confidential report by KPMG that showed failings to rein in money laundering and fraud at its two resorts.

a2 Milk ATM.NZ surged over 12% after Bubs Australia BUB.AX reported its first-quarter results that showed a 156% jump in China-facing revenue, and asserted that it had largely overcome COVID-19 disruptions.

The New Zealand dairy firm has lost nearly 60% of its value since December last year as travel restrictions and COVID-19 disruptions hit its largest market, China.

a2 Milk's gain helped New Zealand stocks .NZ50 snap a six session run of losses, closing 0.2% higher at 13,025.18.
Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Subhranshu Sahu

免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。


本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。

風險提示: 您的資金存在風險。杠杆商品可能不適合所有客戶。 請詳細閱讀我們的風險聲明