Mining, tech stocks drag Australia shares to 8-month low

Jan 24 (Reuters) - Australian shares fell on Monday in a sector-wide sell-off, dented by miners and technology stocks, as investors kept a cautious stance following a lower finish in Nasdaq amid fears of inflation and policy tightening by the U.S. Federal Reserve.

The S&P/ASX 200 index .AXJO was down 0.7% at 7,123.2 points, as of 2331 GMT. The benchmark hit its lowest level since last May.

All main indexes on Wall Street ended sharply lower over the weekend as Netflix shares plunged after a weak earnings report that also weighed on rivals.

The tech-heavy Nasdaq .IXIC lost 2.7%, while the S&P 500 E-minis futures EScv1 were up 0.4%.

Investors are keenly focused Fed meeting this week for more clarity on the U.S. central bank's plans to tighten monetary policy in the coming months.

Back home, Australian tech stocks .AXIJ shed 2.5% to hit their lowest in more than eight months. EML Payments Ltd EML.AX slid 3.4% to its lowest level since Nov. 24.

The heavyweight metals and mining index .AXMM , which led losses on the benchmark, dropped more than 2.6%.

South32 Ltd S32.AX was down 8.1% in its worst intraday session since March 2020 after the diversified miner warned of potential coronavirus-related impact from workforce restrictions at its flagship Illawarra project in the second half.

Regis Resources Ltd RRL.AX was the biggest loser on the benchmark as shares fell 15.7% to their biggest one-day percentage loss since March 2015 after the company slashed its full-year outlook.

Gold miners .AXGD followed suit, losing 2.5% to post their worst session since Jan. 6, dragged by Northern Star Resources Ltd NST.AX , down 3.1%.

Energy stocks .AXEJ fell 1.4% on the back of weak oil prices, with power producer Origin Energy Ltd ORG.AX losing 2.8%

Financials .AXFJ also slid 1.4%, hitting their lowest since Dec. 2, weighed down by a 1.6% slump in major lender Australia and New Zealand Banking Group ANZ.AX .

New Zealand's benchmark S&P/NZX 50 index .NZ50 fell 1.5% to 12,157.3 points.

Cancer diagnostics firm Pacific Edge Ltd PEB.NZ was the worst performer on the bourse, down 7.4%, hitting its lowest mark in eight months.

Reporting by Yamini C S; 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。


本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。