Australia’s ASX 200 fell 29 points or 0.3% to close at 8,787 on Tuesday, sliding for a fourth straight session and reversing early gains as U.S. stock futures dropped sharply on a Wall Street tech sell-off and rising bond yields. The benchmark index hit its lowest in over a week as caution built ahead of domestic CPI data Wednesday and labor market figures later this week, both seen as key for the Reserve Bank’s next move after holding cash rates steady last week. Losses were broad, led by electronic tech, producer manufacturing, logistics, and consumer sectors. Viva Energy dropped 3% after confirming its Geelong refinery will restart this week following April’s fire but will operate without its alkylation unit until 2027, curbing gasoline output. Miners also weighed, with Northern Star down 2.8%, Evolution Mining off 2.2%, and Fortescue easing 1.5%. In contrast, the four major banks advanced between 0.4% and 0.9%, tempering declines.

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