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STOCKS - AUSTRALIAN SHAREMARKET OPENS LOWER - AUG 1, 2007.
SYDNEY, Aug 1 Asia Pulse - The Australian sharemarket has opened in the red this morning, despite yesterday's brief recovery, after US equities ended lower with investors remaining sensitive to news of worsening lending conditions.
At 1015 AEST, the S&P/ASX200 index had shed 62.7 points to 6,081.5 while the All Ordinaries was 58.9 points lower to 6,128.6.
On the Sydney Futures Exchange, the September share price index contract was down 61 points to 6,062 on a volume of 11,117 contracts.
Base metals were up strongly on the London Metal Exchange last night, but miners were mixed.
The world's largest miner, BHP Billiton Ltd (ASX:BHP), was up nine cents to A$37.09 and rival Rio Tinto (ASX:RIO) dipped 44 cents to A$92.64.
Alumina Ltd (ASX:AWC) fell 20 cents to A$7.10 after reporting that first half underlying earnings after tax were down 10 per cent to A$271 million (US$231 million).
The meltdown in the US sub-prime market continued on Tuesday with American Home ...
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...had this effect," he said. Both ASX and SFE welcomed the green light from...cleared this important hurdle," ASX managing director Tony D'Alosio...Costello and SFE shareholders. Shares in ASX were 65 cents higher at $29.90 before going into...
Source: HighBeam Research, STOCKS - AUSTRALIAN SHAREMARKET OPENS LOWER - AUG 1, 2007.