SYDNEY, AAP – Miners and energy providers have helped limit losses on the Australian share market to start the week.
Fortescue Metals jumped by more than five per cent as Chinese workers returned from a week’s holiday and helped the iron ore price rise.
The miner’s renewables arm said it will in February start building its green energy manufacturing centre in Queensland.
Technology shares fared worst on the ASX and lost more than two per cent.
The benchmark S&P/ASX200 index closed lower by 20.3 points, or 0.28 per cent, to 7299.8.
The All Ordinaries closed down 16.2 points, or 0.21 per cent, to 7601.1.
The Australian dollar was buying 73.18 US cents at 1624 AEDT, higher from 73.00 US cents at Friday’s close.