Share market rises as iron ore prices edge off low

By Anita Savage

Iron ore miners were generally higher as the key Chinese spot price for the commodity edged up off a two-year low of $US87. 30 to $US87. 90. Rio Tinto had gained 0. 75 per cent, BHP Billiton was up 0. 4 per cent, but Fortescue Metals Group had fallen 1. 2 per cent as it went ex-dividend. ANZ had risen 0. 1 per cent, but the Commonwealth was down by the same amount.

Read more here: ABC

    

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