Rio Tinto 3% below the shortest profit since 2019
Wesfarmers, Telstra Get more than 3% profit
Air NZ announced NZ $ 100 million buyback
February 20 (Reuters)-Australian shares fell 1% in their fourth consecutive session of its fourth consecutive loss on Thursday, as iron ore mining giants Rio Tinto and Fortesyu reported multiplicity after reporting weak-to-first earnings Slipped on, weight was also reduced with banks. Emotion.
S&P/ASX 200 index was 1% below 8,334.70, as 0015 gmt, its weakest level since January 20. The benchmark is now more than 3% since all time of 8,615.20 on 14 February.
Rio Tinto fell to 2.7% since February 12, after the world’s largest iron ore manufacturer reported the smallest annual benefit in five years, which also missed the analyst expectations. The simple dividend payment of its full year also became the lowest since 2019.
After the world’s fourth largest iron ore producer, Fortscue gave 7% tank, which reported a weak-to-first advantage in the first half and said it was reconsidering the deadline for some of its green energy projects.
It pulled the comprehensive mining index less than 2%, which marks its fourth straight day in red. The BHP group also fell 2.1%.
Banks slipped over 1% of its lowest in six weeks. The ANZ Group shed 3% on the reporting of hostage reorganization, which in the first quarter has brought the loss of property to its highest level since 2021.
The remaining three of the “Big Four” fell between 0.8% and 3%.
The conglomerate Wesfarmers advanced 2.6%, while telecom giant Tellstra increased by 4.7% on the first half -profit reporting.
In New Zealand, the benchmark S&P/NZX 50 index slipped 0.7%. Air New Zealand rose by 4% after the flag carrier announced NZ $ 100 million ($ 57.04 million) share buyback.
Somewhere else, Japan’s Nikkei was 0.82%below. Overnight, three major Wall Street Index, high ticked. ,
