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Market wrap

The share market has opened lower after the iron ore price dropped to a two-year low and tensions in Iraq hurt overseas markets.

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Read more: IraqVirgin AustraliaWoodside PetroleumEconomicsAir New ZealandANZAustralian Stock ReportBenny SadaBHP BillitonCommonwealth BankEuropeanFortescue MetalsJune board meetingMiddle EastNational Australia BankQantasReserve BankRio TintoRoyal Dutch ShellShopping center giant WestfieldTuesdayUS indicesWestfield Group restructureWestfield Retail Trust investorsWestpac