
Australian shares slid 41 points, or 0.5%, to 8,680 in early trade on Thursday, marking a third straight decline and touching their lowest in nearly three weeks. Sentiment soured after Wall Street opened July on a weak footing overnight, as investors trimmed chipmaker holdings. Locally, caution built ahead of May trade data due later in the day, after April exports outpaced imports and delivered a modest surplus. Meanwhile, building permits fell more than expected in May. Simultaneously, industry conditions remained deeply contracted in June despite a slight improvement, weighed by higher costs and lingering uncertainty. Logistics, retail, energy minerals, and manufacturing led declines, though gains in consumer services, healthcare, and tech services helped cushion the fall. Heavyweights BHP Group slipped 1.4%, Westfarmers dropped 3.1%, Goodman Group fell 2.1%, Woodside Energy lost 1.8%, and Santos shed 2.0%. In contrast, three of four big banks gained

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