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Australian shares tick down as miners slip, banks limit losses
Australian stocks edged lower on Wednesday, as gains in financials were eclipsed by a more than 2% drop in heavyweight mining stocks as base metal prices remained weak. The S&P/ASX 200 lost 0.1% to hit 9,118.60 by 2338 GMT. The index had gained roughly 1.2% over the last two sessions. The resources sub-index was the biggest drag on the benchmark, after advancing around 4.6% over the past two days. The sector came under pressure due to range-bound iron ore and lower copper prices. BHP and Rio Tinto, two of the sub-index’s biggest names, dropped 1.3% and 2.1%, respectively. Among gold miners...
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