Australian Stocks Rebound After Early Losses, Financials Weak

The Australian stock market is fluctuating, staying below 8,600 levels due to mixed cues from Wall Street. Financial stocks are weak after the Reserve Bank of Australia’s decision to hold interest rates. US President Trump threatens 50% tariffs on copper imports, impacting mining giants like BHP and Rio Tinto. The S&P/ASX 200 Index is down 0.27% to 8,567.40. Major miners like BHP Group and Mineral Resources are up, while gold miners like Evolution Mining are tumbling. Lifestyle Communities shares drop almost 35%. Building permits in Australia rose 3.2% in May. Aussie dollar trading at $0.653.

Read more at Nasdaq: Australian Market More Than Halves Early Losses In Mid-market