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S&P 500 — US Large Cap Index
NASDAQ 100 — Tech Growth Index
Dow Jones — Industrial Average
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
MarketsStocks

Australian Shares Hit Over 1-Month Low

The S&P/ASX 200 fell 0.9% to close at 8,814 on Tuesday, hitting its lowest level in over a month as market sentiment remained subdued amid the central bank’s latest policy decision and its warning of persistent inflationary pressures. The RBA kept its cash rate at 3.60% in a unanimous decision, cautioning that inflation may be more persistent than expected after both headline and trimmed mean readings exceeded forecasts. Meanwhile, the board downplayed a surprise rise in September unemployment, noting that the labor market remains “slightly tight.” Governor Bullock stated that the possibility of further rate cuts appears limited and that any monetary easing in this cycle may be smaller than in previous ones. Mining stocks were the biggest laggards amid lower iron ore prices, with Fortescue dropping 2.7%, Rio Tinto falling 2.6%, and BHP Group down 1.9%. Elsewhere, Novonix slumped 10.6% to a one-month low after Stellantis ended its offtake agreement with the battery materials producer.

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