Australian Market Trimming Early Losses In Mid-market
From Nasdaq: 2025-03-23 22:52:00
The Australian stock market is slightly lower today, despite positive cues from Wall Street. The S&P/ASX 200 index is down to near 7,900. Major miners like Rio Tinto and Fortescue Metals are up, while BHP Group is down. Oil stocks are mostly higher, with Woodside Energy and Santos in the green. Among tech stocks, Afterpay and Zip are up, while WiseTech Global is down. Gold miners like Evolution Mining are in the green. Big banks like Commonwealth and Westpac are up, while ANZ Banking and National Australia Bank are slightly up. In other news, Helia shares are down after an update on a contract with Commonwealth Bank, while James Hardie Industries shares are down after a merger deal. Synlait Milk shares are also down despite a profit spike. In economic news, the manufacturing sector in Australia is expanding at a faster pace in March. The Aussie dollar is trading at $0.627.
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