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![Euro fears weigh on Aussie stocks](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Euro fears weigh on Aussie stocks
The Australian share market closed steady yesterday after regaining early losses as investors bought into stocks weakened by concerns about European sovereign debt and tensions on the Korean peninsula.
![Telecom and Ebos up as NZ shares buck the trend](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Telecom and Ebos up as NZ shares buck the trend
The New Zealand sharemarket rose yesterday when many other markets were weak and a large volume was traded in the shares of New Zealand Oil & Gas, the 29 per cent shareholder of Pike River Coal Ltd.
![NZOG shares down a third after Pike River trading halt](/pf/resources/images/placeholders/placeholder_l.png?d=796)
NZOG shares down a third after Pike River trading halt
New Zealand Oil & Gas has shed as much as a third of its market value when the shares resumed trading this afternoon after being halted for the Pike River Coal mine explosion.
![Pike River says mine damage evaluation 'down the line'](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Pike River says mine damage evaluation 'down the line'
Pike River Coal says work on evaluating the impact on its West Coast mine of Friday's explosion is "down the line", as it focuses for now on finding the 29 men unaccounted for.
![Oz shares catch ride on rail float](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Oz shares catch ride on rail float
The Australian stock market closed higher on a day when trade was dominated by the public float of Queensland freight railways, QR National.
![Fletcher and Contact Energy gain as market rises](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Fletcher and Contact Energy gain as market rises
Trading in Pike River Coal shares was suspended and trading in the shares of its biggest shareholder New Zealand Oil & Gas (NZOG) was halted yesterday as the investment community extended their sympathies and also waited for news.