On Tuesday, the ASX 200 Index fell 0.15%, giving up early gains. Losses in mining and technology stocks outweighed gains in the oil, gold and banking sectors.
Mining giants BHP Group Ltd. (BHP) and Fortescue Ltd. (FMG) suffered losses of 0.85% and 2.75% respectively, while iron ore prices plunged 3.27%. The NDRC press conference impacted investor sentiment, overshadowing the RBA Meeting Minutes and Aussie data.
Technology stocks followed the Nasdaq Composite Index’s overnight losses, with the S&P/ASX All Technology Index down 0.94%.
Looking ahead
Investors should remain alert and focus on central banks and the Middle East. Closely monitor news reports, real-time data and expert commentary to adjust your trading strategies accordingly. Stay up to date with our latest news and analysis to manage positions in the Asian stock markets.