Equity markets continued to push higher in August led by the US technology sector with the NASDAQ advancing 4.1% for the month, outperforming the broader US market which improved 3.0%. The Australian market also posted healthy gains, advancing 2.5% despite a weaker mining sector which fell 9% due to a 25% decline in the iron ore price severely impacting the performance of major iron ore miners BHP, RIO and Fortescue. The BHP share price was also adversely affected by the announcement of the unwinding of the dual listing structure which saw the ASX entity under perform its UK counterpart by 12%.