Stocks to watch on the Australian stock exchange:
BHP – BHP BILLITON – down 16.5 cents, or 0.56 per cent, at $29.555
RIO – RIO TINTO – down 57 cents, or 0.75 per cent, at $75.52
FMG – FORTESCUE METALS – down 9.5 cents, or two per cent, at $4.715
Share in the big miners have been on the back foot following yet another fall in the price of iron ore, amid ongoing concerns about whether the proposed US tariffs could hurt global demand for steel.
CBA – COMMONWEALTH BANK – down 44.5 cents, or 0.6 per cent, at $75.245
Commonwealth Bank will refund $16 million to credit card and personal loan insurance customers after finding some were sold their policies they would not be able to claim on.
NST – NORTHERN STAR – up 11 cents, or 0.7 per cent, at $6.64
NCM – NEWCREST MINING – up 62.5 cents, or 2.9 per cent, at $22.285
EVN – EVOLUTION – up 9.5 cents, or 3.3 per cent, at $2.995
Share in gold stocks were one of the few bright lights the ASX on Wednesday, after the gold prices rose more than one per cent in offshore trade as the US dollar slid on good news about the Korean penninsula, and US metals tariffs.