Investors are taking profits in the mining sector, as early optimism on the ASX sours amid heavy selling in Aussie bonds, while Boral slumps following a capital raising.
- Boral shares plunge as much as 19% after resuming trade, as placement dilutes stock value
- Japanese stocks continue to rally, hitting their highest since early January on a weaker yen
- Rio sells aluminium assets in Scotland, in a deal that Citi says is 'value accretive'
- Spot gold slides below $US1200, losing $US100 in three weeks and hitting gold miners
- Bonds resume their sell-off, with the yield on the 10-year note climbing to 2.76 per cent
Fairfax Media Australia
