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Sector
Healthcare
Size
Large Cap
Market Cap £10.24bn
Enterprise Value £10.21bn
Revenue £824.5m
Position in Universe 30th / 1907

Australia shares hit over 2-month low as miners drag; U.S. stimulus woes weigh

Tue 22nd September, 2020 2:49am
* Mining sector hits lowest since Sept. 4
    * Gold stocks fall as bullion prices drop
    * NZ rises

    Sept 22 (Reuters) - Australian shares on Tuesday hit a more
than three-month low, pressured by miners and energy stocks, due
to overnight Wall Street losses as possible delays in fresh
stimulus raised concerns about a longer recovery path for the
U.S. economy.
    The S&P/ASX 200 benchmark index  .AXJO  slid 0.6% to
5,790.10 by 0034 GMT, after falling 0.9% to hit its lowest since
June 16 earlier. It lost 0.7% in the previous session.
    Wall Street's main indexes closed lower on Monday over the
possibility of delays in fresh stimulus from Congress following
the death of U.S. Supreme Court Justice Ruth Bader Ginsburg.
    Congress has for weeks remained deadlocked over the size and
shape of another coronavirus-response bill, on top of the
roughly $3 trillion already enacted into law.  urn:newsml:reuters.com:*:nW1N2FC01W
    Concerns about new lockdowns in Europe and the UK also
spurred fears of obstruction to a nacent recovery in the global
economy and further pressure to equity markets.
    In local trade, a fall in ironore prices knocked the
Australian mining index  .AXMM  down as much as 2.5% to its
lowest level since Sept. 4. 
    Major miners BHP Group  BHP.AX  and Rio Tinto  RIO.AX  both
fell around 2%.
    Gold stocks  .AXGD  fell 3.3% to their lowest since Sept.
14, following a decline in bullion prices.
    SSR Mining  SSR.AX  lost over 10%, while Pantoro Ltd
 PNR.AX  fell as much as 5%.
    Energy stocks  .AXEJ  declined almost 2% to a near
five-month low, as oil prices fell, hurt by a dim outlook for
global demand as COVID-19 cases increase.
    Santos  STO.AX  fell as much as 2.9% to a one-week low,
while Oil Search  OSH.AX  hit its lowest since May 14.
    In New Zealand, the benchmark S&P/NZX 50 index  .NZ50  rose
0.43% to 11,589 after earlier hitting its lowest since Aug. 17.
    The top percentage gainers were Ryman Healthcare Ltd
 RYM.NZ , up 3.11%, followed by Fisher & Paykel Healthcare
Corporation Ltd  FPH.NZ , gaining 2.28%. 
    

 (Reporting by Nikhil Subba in Bengaluru; Editing by Rashmi
Aich)
 ((Nikhil.Subba.thomsonreuters.com@reuters.net))
 
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