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ASX opens lower but Fortescue shares rise after miner posts record profit – ABC News

The Australian share market claws back early losses, while shares in iron ore miner Fortescue rise. AMP shares lift as chairman David Murray resigns.

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The Australian share market has recouped early losses, while shares in Fortescue have risen after the miner posted a record profit.
Key points:

  • After initially falling, the ASX 200 pushed higher led by tech and telco stocks
  • Shares in Fortescue rose after it reported a record profit and lifted its dividend
  • AMP shares were higher following the resignation of chairman David Murray

By 12:05pm (AEST), the ASX 200 was 0.2 per cent higher at 6,122 points, while the …

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