Australian Stocks Decline 0.4% in Early Trading

Dow Jones
08/17

This article was automatically generated by Dow Jones using technology from Automated Insights.

Stocks in Australia slipped during early trading Monday, as the S&P/ASX 200 Benchmark Index dropped 0.4% to 9081.00.

Among local companies with a market cap of at least 15 billion Australian dollars ($10.64 billion), Suncorp Group is the biggest early laggard, declining 4.4%, followed by shares of National Australia Bank, which fell 4.2%. Shares of Wesfarmers declined 2.5%.

Lynas Rare Earths is the biggest leader this morning, rising 4.2%, and PLS Group added 1.3%. Insurance Australia Grp rounds out the top three movers, as shares rose 1.1%.

The U.S dollar weakened 0.1% against the Australian dollar to 1.41 Australian dollars.

In the bond markets, the 10-year Australian government bond yield increased 3.55 basis points to 5.023%.

Data source: Dow Jones Market Data, FactSet

 

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