Australian shares snap 7-day rally as Woolworths, Coles weigh
Miners post worst day in 2 weeks
Banks break 5-day rally
Woolworths, Coles fall over 3%
Updates to close
By Aaditya GovindRao
Sept 23 (Reuters) -Australian shares declined on Monday, breaking a seven-day winning streak as investors pulled back ahead of the central bank's interest rate decision, while top grocers Woolworths and Coles declined after being sued by the consumer watchdog.
The S&P/ASX 200 index .AXJO fell 0.7% to 8,152.9 points. The benchmark touched an all-time high on Friday.
The Reserve Bank of Australia is expected to keep its cash rate unchanged at its policy meeting on Tuesday, with the first reduction likely in early 2025, according to a Reuters poll.
"There will be close attention on whether or not the RBA softens its hawkish stance now that the U.S. has started cutting interest rates," said Tim Waterer, market analyst at KCM Trade.
Consumer stocks .AXSJ lost 2.8% as Woolworths WOW.AX and Coles COL.AX both slid 3.4% after the country's consumer regulator filed lawsuits accusing the supermarket giants of misleading shoppers about discounts.
"The prospect of stiff financial penalties for Coles and Woolworths resulted in the stocks being shunned by investors today," Waterer said.
Miners .AXMM led losses on the benchmark, falling 0.6% as they tracked a steep decline in iron ore prices on prospects of weak demand in top consumer China. IRONORE/ The sub-index recorded its worst day since Sept. 6.
Top miners BHP BHP.AX and Rio Tinto RIO.AX dipped 1.5% and 0.8%, respectively.
Financials .AXFJ shed 0.5%, snapping a five-day rally.
Bucking the trend, energy stocks .AXEJ and gold miners .AXGD rose 0.9% and 0.4%, respectively, lifted by robust underlying prices. O/R GOL/
In corporate news, property listings company REA Group REA.AX closed 2.1% lower after increasing its takeover offer for Britain's Rightmove RMV.L to 6.1 billion pounds ($8.12 billion).
Pathology firm Healius HLS.AX gained 7.8% as it sold its diagnostic imaging arm for A$965 million ($659 million).
New Zealand's benchmark S&P/NZX 50 index .NZ50 finished 0.6% lower at 12,404.17 points.
($1 = 0.7510 pounds)
($1 = 1.4643 Australian dollars)
Reporting by Aaditya Govind Rao in Bengaluru; Editing by Nivedita Bhattacharjee
For more information on DIARIES & DATA: U.S. earnings diary RESF/US Wall Street Week Ahead .N/O Global Economy Week Ahead DATA/ ................................................................ For latest top breaking news across all markets NEWS1
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
