Australia Stock Market Today: ASX 200 Falls For Fifth Day As Oil Shock Hits Banks, Origin
The S&P/ASX 200 shed 20.1 points, or 0.23%, finishing at 8,766.40 on Monday as Australia’s share market logged its fifth consecutive loss. Gains in the mining sector, plus a takeover-fueled surge for Atlas Arteria, couldn’t outweigh losses among energy, utilities, and banks. Local shares slipped, shrugging off Wall Street’s latest highs—both the S&P 500 and Nasdaq finished last week at records. In Sydney, the attention turned to oil prices, inflation pressures, and the looming Reserve Bank of Australia decision next week. That combination proved rough for rate-sensitive banks and consumer names.
