From Nasdaq: 2025-02-17 21:47:57

The Australian stock market is falling below the 8,500 level in mid-market trading, with weakness in gold miners, energy, and financial stocks. Traders await the Reserve Bank of Australia’s interest rate decision, widely expected to be a 25 basis point cut. The S&P/ASX 200 Index is down 0.45 percent to 8,497.00, with major miners like BHP Group and Fortescue Metals slightly up, while oil stocks and gold miners are mostly lower. Among tech stocks, Appen and Zip are gaining, while big four banks like Commonwealth Bank and National Australia Bank are losing. In other news, Hub24 and HMC Capital shares are rising significantly after strong financial results. The Aussie dollar is trading at $0.635.



Read more at Nasdaq: Australian Market Adds To Early Losses In Mid-market