Australian shares dip in broad-based selling; South32 shines

Australian shares dip in broad-based selling; South32 shines

SYDNEY: Australian shares slipped in broad-based selling on Monday, with banks and miners leading the decline, while South32 rose after the diversified miner reported fourth-quarter manganese output ahead of analysts' estimates. © New Straits Times Press (M) Bhd

Australian shares retreat from record levels

The ASX200 was down by nearly one per cent at midday, giving back most of Friday's rally at the start of a "hectic week" for investors.

Australian stocks pull back from record highs

Despite tariff turmoil, interest rate conjecture and geopolitical ructions, stock markets in Australia and the US have been notching fresh highs, but the ASX 200 and All Ords have started the week in the red. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

South32 shares surge on strong copper performance - Australian Resources & Investment

Image: pvl/stock.adobe.com South32’s share price jumped more than four per cent after investors responded positively to a robust June quarter and full-year production results driven by copper growth. The diversified miner exceeded its 2024–25 financial year (FY25) production guidance by two per cent, with copper output increasing by 20 per cent year-on-year. The increase comes as copper prices recently notched a new record high following the US …

Banks pull down Australian shares from record high

Australian shares fell on Monday (Jul 21) to their worst session in more than three months, retreating from a record high scaled in the previous session as index heavyweight financials lost ground after last week’s sharp gains.

Closing Bell: Hangover sets in as ASX slides from record highs; resources offer bright spot

ASX slides from record high, down 1.02pc Energy and materials only sectors to lift South32 outperforms production guidance   ASX suffers Liberation Day-sized fall Today was the largest single-day plunge on the ASX since markets went haywire over Liberation Day tariffs back in April, falling 1.02% by the end of trade. As is so often the case, the market giveth gains and the market taketh them straight back. The profit taking hit banks the worst, …