Australian shares fall on second wave fears but miners rise

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The Australian share market falls in early trade as concerns about a second wave of the coronavirus pandemic hits travel and consumer stocks, but mining stocks rally.

The Australian share market has fallen in early trade as concerns about a second wave of the coronavirus pandemic hit travel and consumer stocks, but mining stocks rallied.Travel and consumer stocks were hit by fears of a second wave of the coronavirus pandemic

By 11:00am AEST, the ASX 200 was down by half a per cent to 5,912 points, off its lows after the first hour of trade.The major bank stocks were mixed, with ANZ and Commonwealth Bank higher, while Westpac and NAB remained in the red. Shares in cement maker James Hardie rose 4 per cent to a three-and-a-half-month high after it lifted its forecasts for profit margins in its North American business.

 

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Ah Mining ... the backbone of our country

Thanks BLM protesters!, If they ever get any statues I wonder if they should come with the blood already painted on their hands?.

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