Australia stocks follow U.S. peers downward «

    Australia stocks follow U.S. peers downward

    LOS ANGELES (MarketWatch) — Australia stocks started solidly lower Tuesday, weighed by large losses on Wall Street, with the S&P/ASX 200 /quotes/zigman/1653884/realtime AU:XJO -1.51% retreating 0.8% to 5,248.90. Globally sensitive stocks were among the leading decliners after a 1.3% pullback for the S&P 500 /quotes/zigman/3870025/realtime SPX -1.26% in the U.S., with financial major Macquarie Group Ltd. /quotes/zigman/482521/realtime AU:MQG -2.85% /quotes/zigman/482522/delayed/quotes/nls/mcqef MCQEF -1.05% falling 2.2%, News Corp. /quotes/zigman/17601546/realtime AU:NWS -1.98% /quotes/zigman/18008448/delayed/quotes/nls/nws NWS -1.50% — the parent of MarketWatch, publisher of this report — off 1.4%, and construction-material firm James Hardie Industries SE /quotes/zigman/291856/realtime AU:JHX -3.40% /quotes/zigman/291857/delayed/quotes/nls/jhiuf JHIUF +0.09% 1.2% lower. Miners came under pressure, with BHP Billiton Ltd. /quotes/zigman/180893/realtime AU:BHP -1.15% /quotes/zigman/270355/delayed/quotes/nls/bhp BHP -0.37% down 0.9% and Oz Minerals Ltd. /quotes/zigman/516210/realtime AU:OZL -2.23% /quotes/zigman/516209/delayed/quotes/nls/ozmlf OZMLF +0.74% dropping 1%, while Forge Group Ltd. /quotes/zigman/622189/realtime AU:FGE -18.00% /quotes/zigman/622193/delayed/quotes/nls/frgxf FRGXF -7.69% tumbled 12.8% after issuing a profit warning. On the upside, mild gains overnight for Comex gold futures helped the fortunes of some gold extractors, helping Newcrest Mining Ltd. /quotes/zigman/182419/realtime AU:NCM -0.79% /quotes/zigman/182418/delayed/quotes/nls/ncmgf NCMGF +7.31% and Evolution Mining Ltd. /quotes/zigman/7187583/realtime AU:EVN -0.79% /quotes/zigman/7313817/delayed/quotes/nls/cahpf CAHPF +21.05% up 0.8% each, though Kingsgate Consolidated Ltd. /quotes/zigman/181740/realtime AU:KCN +0.48% /quotes/zigman/181738/delayed/quotes/nls/kskgf KSKGF -0.51% fell 1%.