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Aussie shares dip on hawkish Bullock
News.com.au -
24/09
It was a tale of two central banks on Tuesday as investors digested hawkish rhetoric from the Reserve Bank of Australia on inflation and interest rates and fresh support measures from the People’s Bank of China.
It was a tale of two central banks on Tuesday as investors digested hawkish rhetoric from the Reserve Bank of Australia on inflation and interest rates and fresh support measures from the People’s Bank of China.
The benchmark ASX200 slipped 10.9 points, or 0.13 per cent, to settle at 8142 points, while the broader All Ordinaries index edged up a single point to close at 8385.1.
Tech stocks lifted 0.4 per cent to 3417.
Six of 11 industry sectors ended in the red, with the big banks driving a 1.87 per cent slump in financials.
Commonwealth Bank lost 3.04 per cent to $138.06 a share, Westpac ... [Short citation of 8% of the original article]
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