ASX to fall; Magellan takes 10pc stake in Guzman y Gomez
ASX falls 1.1pc; Congress passes $US892b aid package Save Share William McInnes Losses from the major banks and miners weighed the Australian sharemarket on Tuesday, pushing the market to its lowest level in three weeks. The S&P/ASX 200 Index fell 70.3 points, or 1.1 per cent, to 6599.6, sliding for a third straight session. BHP Group dropped 1.8 per cent to $42.89, Rio Tinto slid 2.7 per cent to $115.41 and Fortescue Metals Group declined 2.3 per cent to $23.48. NAB dipped 1.6 per cent to $22.93, Westpac fell 1.6 per cent to $19.56, Commonwealth Bank declined 0.7 per cent to $82.42 and ANZ s...
Source: afr.com