AU Evening Wrap: Australia Shares Fall 0.4% as Rate-Cut Hopes Wane
Australia's $S&P/ASX 200(.XJO.AU$ closed 0.4% lower at 7813.6 as bank stocks retreated amid increased uncertainty over the likely pace and timing of global interest-rate cuts. The benchmark index pared losses after slumping 1.2% in early trade, weighed by hotter-than-expected U.S. inflation data that economists said may postpone or derail previously anticipated rate cuts.
The heavyweight financial sector lost 0.9% as banks-- $National Australia Bank Ltd(NAB.AU$, $Westpac Banking Corp(WBC.AU$, $CommBank(CBA.AU$ and $ANZ Group Holdings Ltd(ANZ.AU$--which are typically able to expand lending margins when rates are falling--lost between 0.95% and 1.4%.
Real-estate stocks were also weak. Commodity sectors helped offset losses elsewhere, with oil, iron-ore and gold stocks all gaining.
S&P/ASX 200 Movers for Thursday(Apr/11)
How to find the above information in moomoo app:
1. Open moomoo app
2. Search for and tap on ".XJO"
3. Roll down to see "Constituent Stocks"
4. You can filter the list based on "%Chg"
2. Search for and tap on ".XJO"
3. Roll down to see "Constituent Stocks"
4. You can filter the list based on "%Chg"
10 Top-Traded AU Stocks for Thursday(Apr/11)
How to find the above information in moomoo app:
1. Open moomoo app
2. Tap your finger on "Market" and "AU"
3. Roll down and tap on "Main Board"
4. You can filter the list based on "Turnover"
2. Tap your finger on "Market" and "AU"
3. Roll down and tap on "Main Board"
4. You can filter the list based on "Turnover"
Source: Dow Jones Newswires, AFR
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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