Australian stock market down, major miners, oil and tech stocks sliding, gold miners and banks facing losses

From Nasdaq: 2025-02-02 21:40:28

The Australian stock market is down, with the S&P/ASX 200 falling below 8,400. Major miners like BHP Group and Rio Tinto are in the red, along with oil stocks like Woodside Energy and Santos. Tech stocks like Zip and WiseTech Global are also sliding. Gold miners and big four banks are facing losses. Westgold shares are down over 12% due to production guidance revision. Fisher & Paykel shares are slipping after warning of increased costs. Economic news shows manufacturing sector in expansion, but retail sales down slightly in December.

Currency market sees the Aussie dollar trading at $0.609 on Monday.



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