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Antofagasta leads miners lower

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by Elaine Frei
Antofagasta leads miners lower

Most European equities markets saw gains on Tuesday, but London markets were mixed on the session.

The FTSE 250 added 0.19 percent to 6,403.55 but the FTSE 250 dropped 1.05 percent to 3,911.46.

The five biggest losers on the 100 came from the mining and banking sectors, with miner Antofagasta (LSE: ANTO) turning in the worst performance of the session with a decline of 8.02 percent, followed by Anglo American (LSE: AAL) and Kazakhmys (LSE: KAZ), which dropped 6.66 percent and 6.59 percent respectively.

The FTSE Eurofirst 300 was up 0.18 percent to 740.86 while the CAC-40 added 0.17 percent to 2,874.39, the Dax was 0.26 percent higher to 4,187.36 and the IBEX gained 0.47 percent to 7,989.5.

Markets in the Asia-Pacific region were higher on the session.

In Tokyo, the Nikkei 225 added 3.32 percent to 8,488.3 while the Topix index was up 2.67 percent to 812.72 and the Mothers market of small and mid-caps gained 1.52 percent to 298.17.

The Sensex was up 0.5 percent to 9,471.04 while the Shanghai Composite was 0.56 percent higher to 2,338.42 and in Australia the S&P/ASX200 added 0.84 percent to 3,580 while the Sydney Ordinaries gained 0.98 percent to 3,517.3.

South Korea’s Kospi was up 1.85 percent to 1,221.7 while the Taiex added 2.3 percent to 5,242.18 in Taiwan, the Straits Times Index was 2.54 percent higher to 1,706.34 and the Hang Seng gained 3.44 percent to 13.910.34.

Wall Street was mixed in early afternoon trade, with very little movement from Monday’s levels as some investors took profits after big gains in New York on Monday.

At just before 1:30 p.m. in New York the Dow Jones Industrial Average was 0.15 percent higher to 7,787,41 but the Nasdaq Composite was down 0.79 percent to 1,543.51 and the S&P 500 had dropped 0.06 percent to 822.46.

Crude oil prices were up slightly in New York while metals prices dropped and grains were mixed on the Chicago Board of Trade.

The yen weakened again while the Swiss franc and the pound saw gains.

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News posted: March 24, 2009

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