Australia's S&P/ASX Index fell 0.2 per cent to 4,881.41 as at 10.42 am in Sydney Neighbouring country New Zealand NZX 50 Index was at 3,230.81 in Wellington.
Resource stocks were most actively traded today. Australia's major resource company all sees a decline in their stocks. In the mining industry, copper futures for May delivery dropped 1 per cent to $3.3455 per pound in New York yesterday and the metals traded in London fell 1.2 per cent, the 5th consecutive drop.
BHP Biliton, world's largest mining company fell 0.6 per cent to $43.10 while Panoramic Resources Ltd., nickel producer was at $2.27 a drop of 2.6 per cent.
For the gold producers, the market price of gold tumbled yesterday to the lowest price in more than 5 weeks as the dollar surged in New York yesterday. Newcrest Ltd., Australia's largest gold producer fell 1.4 per cent to $32.87 with St. Barbara Ltd., dropping to 25.5 cent or 3.8 per cent.
However over at the oil industry, stocks were high as crude oil for May delivery dropped to $80.61 a barrel on the New York Mercantile Exchange yesterday. Big companies such as Woodside Petroleum's stocks was at $47.42, a rise of 0.5 per cent and Santos Ltd's stocks jumped 4.4 per cent at $15 after reports of Woodside maybe in consideration to acquire the company.
Energy World has the highest leap of percentage of 26 per cent to 43.5 cents, after the company reports that they made an agreement pact with Tokyo Gas Co.