(RTTNews) - Weak opens are expected Tuesday for New Zealand and Australia stocks, after continuing economic concerns sent Wall Street lower again overnight. U.S. markets fell in advance of this week’s GDP data.

New Zealand’s market was closed on Monday.

When New Zealand stocks last traded, the benchmark NZX 50 index advanced 13.3 points or 0.4 percent to close at 3,214.9.

Trading volume was 43.5 million shares valued at NZ$113.3 million.

Among the most actively traded stocks, Auckland International Airport was up NZ$0.01, Air NZ was also up one cent, AMP NZ Office Trust was unchanged, Fletcher Building was up a dime, Fisher & Paykel was down one cent, Michael Hill was up a penny, SkyCity Entertainment was down .05 and Telecom Corp of NZ was up one cent.

Among the Australia-NZ dual-listed issues, AMP was down .14, Australia and NZ Bank was down a nickel, Pan Pac was up one cent and Westpac Ban, was up 23.

Australia’s market moved lower on Monday, weighed by weakness in the resources sector.

The benchmark S&P/ASX 200 index closed down 29.1 points or 0.6 percent at 4,830.3 while the broader All Ordinaries index was down 27.1 points or 0.6 percent at 4,832.6.

Trading volume was 2.71 billion shares valued at A$4.15 billion.

There were 448 stocks closing higher, 652 were lower and 361 were unchanged.

Among the mining leaders, BHP Billiton declined A$0.47, Rio Tinto was down .59, Fortescue Metals was down .06 and OZ Minerals was lower by two cents.

Among the gold stocks, Lihir Gold was down one cent, Newcrest Mining was down .41 and Newmont Mining was down .08.

In the energy sector, Woodside Petroleum was down .95, Santos was down .11 and Oil Search was down a penny.

The banking sector was mixed, with Australia and NZ Banking Group down .05, Commonwealth Bank of Australia was down .26, National Australia Bank was down .15 and Westpac was up .23. Investment bank Macquarie Group was down .04.

Wall Street stocks moved lower on Monday as the dollar gained strength and concerns persisted about economic weakness ahead of Thursday’s GDP data.

The Dow Jones Industrial Average closed at 9,867.96, down 104.22 points or 1.05 percent. The Nasdaq Composite index fell 12.62 points or 0.59 percent to 2,141.85 and the Standard & Poor’s 500 index was down 12.66 points or 1.17 percent at 1,066.94.

In other Asia/Pacific region trading on Monday, Japan’s Nikkei 225 average advanced 79.63 points or 0.77 percent to 10,362.62.

China’s Shanghai Composite index was up 1.72 points or 0.06 percent at 3,109.57.

The SENSEX/BSE 30 index in India was down 70.31 points or 0.42 percent at 16,740.50.

In Indonesia, the Jakarta Composite index was down 0.23 points or 0.01 percent at 2,467.71.

South Korea’s KOSPI/Seoul Composite index was up 6.94 points or 1.03 percent at 1,657.11.

The Taiwan Weighted Index was up 19.12 points or 0.25 percent at 7,668.40.

The Hong Kong market was closed on Monday.

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Posted in Categories: Australia, Japan, New Zealand, Releases, Stocks, USA.

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