SYDNEY Oct 26 Australian shares fell 0.8
percent on Friday, dragged down by local mining and banking
shares and disappointing US corporate earnings on Wall St as
investors scrambled for any positive economic indicators ahead
of U.S. GDP data due later today.
Miners BHP Biliton and rival Rio Tinto
both dropped 1.5 percent and 1.8 percent respectively.
Banks fell, led by Commonwealth Bank of Australia, which
lost 0.8 percent.
The benchmark S&P/ASX 200 index fell 38.1 points to
4,472.4, according to the latest data. It fell 2.1 percent for
the week, the biggest fall since May.
New Zealand's benchmark NZX 50 index slipped 0.2
percent to 3,983.8.
(Reporting by Thuy Ong; Editing by Simon Cameron-Moore)