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STOCKS - AUSTRALIAN STOCKS LOWER AT NOON - OCT 1, 2003.

AsiaPulse News

| October 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

MELBOURNE, Oct 1 Asia Pulse - The Australian sharemarket was lower at noon, dragged by falls in resource stocks in response to the firmer Australian dollar.

Fat Prophets analyst Angus Geddes said major resource stocks such as BHP Billiton, Rio Tinto and Woodside Petroleum were sold off after the Australian dollar spiked above 68 US cents overnight and maintained some of the gains this morning.

At 1201 AEST it was trading at 68.31 US cents, he said.

The benchmark S&P/ASX 200 index was 7.7 cents lower at 3162.3 while the all ordinaries index lost 8.8 cents points to 3167.4 by 1206 AEST.

On the Sydney Futures Exchange, the December share price index contract was up six ...

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