Australian Shares Decline Over 1% Led by Banks and Miners
The S&P/ASX 200 index fell 1.3% to 8,671.6 on Thursday, with broad-based losses across all sectors, primarily driven by declines in financials and mining stocks. This drop occurred despite recent inflation data that eased concerns about immediate interest rate hikes.
Australian shares fell more than 1% on Thursday, with financials and miners leading broad losses across every sector, even as softer-than-expected inflation data released a day earlier eased worries about further near-term interest rate increases. 6.