QBE QBE Insurance Group Limited

0332 GMT [Dow Jones] Australia's S&P/ASX 200 is down 0.5% at 5322.7 after hitting a two-week low of 5317.4 as China's Shanghai Composite fell more than 2% after its services sector PMI index fell to 50.9 in December from 52.5 in November. Caution about China's economy may restrain the Australian share market after it rose as much as 7% in the past three weeks. "Volumes are still very light," Macquarie Private Wealth investment adviser James Rosenberg says. "I don't think this fall is of great concern." Wesfarmers (WES.AU), Woolworths (WOW.AU), CSL (CSL.AU), Woodside (WPL.AU), Rio Tinto (RIO.AU) and Fortescue (FMG.AU) are down 0.8%-1.6% while CBA (CBA.AU), Westfield (WDC.AU) and QBE (QBE.AU) are up as much as 0.5%. (david.rogers@wsj.com)

 
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