Australian stock market significantly lower due to weak trading across sectors, particularly mining and technology

From Nasdaq: 2024-12-30 20:25:55

The Australian stock market is trading lower, with the S&P/ASX 200 falling below 8,200 due to weak trading across sectors, particularly in mining and technology stocks. Major miners like BHP Group and Rio Tinto are declining, while oil stocks are mixed. Tech stocks like Afterpay and Zip are also down, while gold miners are mostly lower. Big four banks like Commonwealth Bank and ANZ Banking are losing ground. Mesoblast shares are soaring after FDA approval, and the Aussie dollar is trading at $0.622. On Wall Street, stocks recovered slightly after early losses, and major European markets also fell. Crude oil prices rose to a five-week high, reaching $70.99 a barrel.



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