Economic TimesLean R·
Global Market: Australian shares start new financial year lower as banks drag; miners limit losses
Australian shares kicked off the new financial year on a downbeat note, with banks leading the decline following disappointing housing price data. While miners, particularly South32 on a significant asset sale, offered some support, the broader market felt the pinch of economic uncertainty. Investors are showing caution as the new quarter begins, reflecting concerns over interest rates and inflation risks.
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