Australia shares fall, sliding iron ore prices hit miners

Australian shares fell 0.4 per cent in early Monday trade as sliding iron ore prices hit top miners and enthusiasm over stimulus measures from global central banks faded. The benchmark S&P/ASX 200 index lost 19.5 points to 4,388.8 at 0017 GMT. It rose 0.3 per cent on Friday. BHP Billiton fell 0.7 per cent while rival Rio Tinto dropped 1.5 per cent.

via Business feed http://www.scmp.com/business/money/market-snapshot/article/1045885/australia-shares-fall-sliding-iron-ore-prices-hit