Australia's S&P/ASX 200 Index Slips From Record, Led by Banks, Oil Stocks

(Bloomberg) -- Australia's S&P/ASX 200 Index fell
from a record. U.S.-linked shares such as James Hardie Industries
NV and lenders including National Australia Bank Ltd. dropped
after U.S. banks increased reserves for bad loans.

``The continued fallout from the subprime issue in the U.S.
is tempering people's enthusiasm for financial stocks,'' said
Angus Gluskie, who helps manages the equivalent of about $380
million at White Funds Management in Sydney.


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