Wires

Australian shares fall on Wall St, mining and commodities soft

SYDNEY, Oct 8 (Reuters) - Australian shares fell 0.3percent, ending seven straight sessions of gains, dragged downby resource sectors as investors worried that the coming U.S.earnings season will feature weaker results.

Monday's softer tone was in line with Friday's mixed closeon Wall Street where a surprise drop in the U.S. unemploymentrate was overshadowed by concerns about the earnings season.

Mining giants BHP Billitonand Rio Tinto

lost 0.2 percent and 0.3 percent respectively.

Among the commodities, gold miner Newcrest

dropped

3.2 percent, while Woodside Petroleum

lost 0.5 percent.

The benchmark S&P/ASX 200 index

closed 12.5 pointslower to 4,481.9. The benchmark rose 0.9 percent on Friday toits highest close since August 2011.

"We had an adverse reaction by commodity prices to the U.S.jobs report on Friday," said Tim Waterer, senior trader at CMCMarkets.

"A lot of the momentum that was with U.S. equities dried upand that hasn't carried forward into our market this week, andthat's why we're seeing a moderately negative performancetoday," he said.

Banks were mostly soft, with the Commonwealth Bank ofAustralia leading losses, falling 0.5 percent. Australia and NewZealand Banking Corp

bucked the trend, inching up 0.1percent.

Defensive stocks helped pare the market's losses, with bloodproducts maker CSL

up 0.5 percent and supermarketretailer Woolworthsrising 0.4 percent.

New Zealand's benchmark NZX 50 index

rose 0.5percent or 19.1 points to 3,923.9.

(Reporting by Thuy Ong; Editing by Richard Borsuk)

((thuy.ong@thomsonreuters.com)(+61 2 9373 1236)(ReutersMessaging: thuy.ong@thomsonreuters.com))

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