Australia stocks slip as CBA, Telstra move lower

LOS ANGELES (MarketWatch) -- Australia stocks slipped early Monday, with the subdued start following sharp losses on Wall Street as bond yields spiked, and as some stocks in the local market traded without dividend rights. The S&P;/ASX /quotes/zigman/1653884 AU:XJO -0.04% fell 2 points to 5,111.60. Shares of Commonwealth Bank of Australia /quotes/zigman/181773 AU:CBA -2.86% /quotes/zigman/181772/quotes/nls/cbauf CBAUF +2.30% dropped 3% and telecommunications company Telstra Corp. /quotes/zigman/189274 AU:TLS -3.53% /quotes/zigman/189273/quotes/nls/ttraf TTRAF +2.18% lost 2.8% as the market heavyweights traded ex-dividend. Meanwhile, shares of miner BHP Billiton Ltd. /quotes/zigman/180893 AU:BHP -0.22% /quotes/zigman/270355/quotes/nls/bhp BHP -0.73% declined 0.5% ahead of the release of financial results on Tuesday. BlueScope Steel Ltd. shares /quotes/zigman/304814 AU:BSL -13.16% /quotes/zigman/304813/quotes/nls/blsff BLSFF +2.97% sank 13% as the steel maker said it doesn't expect a better outcome for the first half of 2014 than it had in the second-half of 2013. BlueScope's annual loss narrowed to 84.1 million Australian dollars ($77.3 million).

Read the full story:
Asia stocks slip amid Fed-outlook worries

/quotes/zigman/1653884

Add to portfolio AU:XJO

S&P/ASX 200 Benchmark Index

AU : Australia: Sydney

5,112.00

-1.90 -0.04%

Volume: 0.00

Aug. 19, 2013 11:11a

/quotes/zigman/181773

Add to portfolio AU:CBA

Commonwealth Bank of Australia

AU : Australia: Sydney

$ 71.21

-2.10 -2.86%

Volume: 8.77M

Aug. 19, 2013 11:11a

P/E Ratio

15.36

Dividend Yield

5.62%

Market Cap

$118.15 billion

Rev. per Employee

$866,091

/quotes/zigman/181772/quotes/nls/cbauf

Add to portfolio CBAUF

Commonwealth Bank of Australia

US : U.S.: OTCBB

$ 66.65

+1.50 +2.30%

Volume: 324.00

Aug. 9, 2013 3:49p

P/E Ratio

N/A

Dividend Yield

5.46%

Market Cap

N/A

Rev. per Employee

N/A

/quotes/zigman/189274

Add to portfolio AU:TLS

Telstra Corp. Ltd.

AU : Australia: Sydney

$ 4.92

-0.18 -3.53%

Volume: 94.91M

Aug. 19, 2013 11:11a

P/E Ratio

16.07

Dividend Yield

5.69%

Market Cap

$63.46 billion

Rev. per Employee

$676,069

/quotes/zigman/189273/quotes/nls/ttraf

Add to portfolio TTRAF

Telstra Corp. Ltd.

US : U.S.: OTCBB

$ 4.68

+0.10 +2.18%

Volume: 208,000

Aug. 16, 2013 12:15p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

N/A

Rev. per Employee

N/A

/quotes/zigman/180893

Add to portfolio AU:BHP

BHP Billiton Ltd.

AU : Australia: Sydney

$ 36.79

-0.08 -0.22%

Volume: 1.44M

Aug. 19, 2013 11:11a

P/E Ratio

20.94

Dividend Yield

3.02%

Market Cap

$118.42 billion

Rev. per Employee

$1.40M

/quotes/zigman/270355/quotes/nls/bhp

Add to portfolio BHP

BHP Billiton Ltd. ADS

US : U.S.: NYSE

$ 67.54

-0.50 -0.73%

Volume: 1.30M

Aug. 16, 2013 4:00p

P/E Ratio

18.55

Dividend Yield

3.38%

Market Cap

$108.95 billion

Rev. per Employee

$1.45M

/quotes/zigman/304814

Add to portfolio AU:BSL

BlueScope Steel Ltd.

AU : Australia: Sydney

$ 4.75

-0.72 -13.16%

Volume: 5.20M

Aug. 19, 2013 11:11a

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$3.06 billion

Rev. per Employee

$448,165

/quotes/zigman/304813/quotes/nls/blsff

Add to portfolio BLSFF

Bluescope Steel Ltd.

US : U.S.: OTCBB

$ 4.85

+0.14 +2.97%

Volume: 227.00

Aug. 5, 2013 3:56p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

N/A

Rev. per Employee

N/A