Market Update: The S&P/ASX 200 fell 1.1% to 5,333 points amid continuous concern on a potential earlier reduction in U.S

Bell Potter
Bell Potter Stockbroker

Market Update: The S&P/ASX 200 fell 1.1% to 5,333 points amid continuous concern on a potential earlier reduction in U.S. economic stimulus. It was a red sea across the board. Financials were down 1.3% with all major banks lower between 1.4% to 1.6%. Resources were not much better off as metal prices retreated last night. BHP and RIO were down 1.0% and 0.3% respectively. CSR was one of the few exception rising 7.5% after half year profit surged 92%. The AUD bounced back from overnight low of US$0.9270 to be trading at US$0.9305. The SPI was down 1.2% at 5,346 points on the Sydney Futures Exchange.

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