Australian shares ease as investors look beyond likely RBA hike
The S&P/ASX 200 fell 0.1% ahead of an expected 25-basis-point RBA rate hike to 4.60%. Megaport and Codan jumped on company-specific news.
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The S&P/ASX 200 fell 0.1% ahead of an expected 25-basis-point RBA rate hike to 4.60%. Megaport and Codan jumped on company-specific news.
Australia’s ASX 200 slipped 16 points, or 0.2%, to 9,054 on Wednesday, its sixth straight decline and a two-week low, as U.S. futures, oil, Treasury yields and chip stocks weighed on sentiment.