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STOCKS - AUSTRALIAN SHARES OPEN WEAKER - DEC 1, 2003.

AsiaPulse News

| December 01, 2003 | COPYRIGHT 2003 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SYDNEY, Dec 1 Asia Pulse - The Australian share market was weaker at the open, with investors focused on economic fundamentals and on the prospect of a rate rise by the Reserve Bank of Australia this week.

The central bank could increase rates by 25 basis points to 5.25 per cent after its board meeting this week.

By 1017 AEDT, the benchmark S&P/ASX 200 index was 12.7 points softer at 3173.7 while the all ordinaries index slumped 12 points to 3183.7.

On the Sydney Futures Exchange, the December share price index contract was nine points weaker at 3180 - a 6.3 ...

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