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‘Overheated’ Australian sharemarket takes another breather, miners feel iron ore price dip – NEWS.com.au

‘Overheated’ Australian sharemarket takes another breather, miners feel iron ore price dip

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The Australian sharemarket slid lower for the second straight session, ignoring a rebound on Wall Street as lower iron ore and oil prices weighed on producers.The S&P/ASX200 fell 0.64 per cent to 6607.4 while the All Ordinaries Index dropped 0.68 per cent to 6870.9.
US stocks rose overnight after a steep slide in the previous session, as investors shrugged off softer-than-expected economic growth numbers to seek out bargains and applaud some strong corporate earnings, broker Ord Minnett said.
The…

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