Australia shares slip as Fed signals rate hikes at faster pace
June 17 (Reuters) - Australian shares fell on Thursday, as gold stocks and miners slumped on weaker commodity prices, with the mood largely negative as U.S. equities dipped overnight after Federal Reserve officials projected hikes in interest rates by 2023.
The benchmark ASX 200 index .AXJO was down 0.5% at 7,351.50 points, as of 0028 GMT.
Wall Street's main indexes closed overnight session lower as the U.S. central bank indicated that it could begin raising interest rates a year earlier than expected, which caused a sell-off of U.S. Treasuries and boosted the dollar.
In other markets, Japan's Nikkei .N225 also declined 1% at 28,990.9, while the S&P 500 E-minis futures EScv1 were down 0.6%.
Among sectors, the gold index .AXGD fell the most, slipping 2.7% to hit its lowest level in nearly six weeks, as prices slid over projections of the Fed's rate hikes.
Miners .AXMM declined 2.3% as iron ore futures fell on increasing supply, with index majors Rio Tinto RIO.AX and BHP Group BHP.AX dropping 0.7% each.
The Australian energy index .AXEJ also retreated, despite oil prices hitting multi-year highs.
The sub-index shed about 2%, with Whitehaven Coal WHC.AX being top loser after the coal producer cut its 2021 coal output forecast due to downtime at Narrabri mine in New South Wales.
Bucking the trend, financials .AXFJ rose 0.6%, with all of the "Big Four" banks trading in positive territory.
On the data front, Australia's minimum wage is expected to rise at a faster pace than this year, reflecting its strong economic recovery from the pandemic-induced recession.
New Zealand's benchmark NZX 50 index .NZ50 dipped 0.2% to 12,550.9 points on prospects of tighter monetary policy conditions as the country posted a faster-than-expected first-quarter economic growth data.
Reporting by Yamini C S in Bengaluru, Editing by Sherry Jacob-Phillips
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。