(Bloomberg) -- Australian stocks fell, snapping three
days of gains. BHP Billiton Ltd. and Rio Tinto Group dropped after
metals prices declined.
``The bullishness we've seen among the mining stocks over the
past few years hasn't taken account of the risk of the global
economy slowing,'' said Angus Gluskie, who manages about $380
million at White Funds Management in Sydney. ``We have been very
aware of the potential for an economic pullback and so we haven't
been as keen on resources stocks as other investors.''
Read more at Bloomberg Stocks News
days of gains. BHP Billiton Ltd. and Rio Tinto Group dropped after
metals prices declined.
``The bullishness we've seen among the mining stocks over the
past few years hasn't taken account of the risk of the global
economy slowing,'' said Angus Gluskie, who manages about $380
million at White Funds Management in Sydney. ``We have been very
aware of the potential for an economic pullback and so we haven't
been as keen on resources stocks as other investors.''
Read more at Bloomberg Stocks News
No comments:
Post a Comment