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ASX 200 Dips 0.3% as yields tick higher, industrials lose 0.9%

Published 10/01/2023, 11:27 am
Updated 10/01/2023, 11:31 am
© Reuters.
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By Oliver Gray 

Investing.com  - The S&P/ASX 200 fell 21.2 points or 0.3% to 7,130.1 after the first 90 minutes of Tuesday’s trade, falling for the first session in four as Industrials and real estate companies led declines while yields ticked higher.

ASX 200 Futures were pointing 0.2% lower.

Among stocks, Atlas Arteria (ASX:ALX) dipped 1.4%, Brambles Ltd (ASX:BXB) lost 0.7% and Transurban Group (ASX:TCL) fell 1%. Mirvac Group (ASX:MGR) also dipped 0.2%, while Goodman Group (ASX:GMG) fell 0.3%, Charter Hall Group (ASX:CHC) dropped 0.4% and Scentre Group Ltd (ASX:SCG) fell 1.4%.

Gold miners also declined 1.8% collectively, as Gold Road Resources Ltd (ASX:GOR) fell 1.6%, Newcrest Mining Ltd (ASX:NCM) dipped 1.7%, Northern Star Resources Ltd (ASX:NST) fell 1.9% and Chalice Gold Mines Ltd (ASX:CHN) dropped 3.2%.

On the bond markets, Australia 10-Year rates were at 3.73% and United States 10-Year yields were at 3.55%.

In New Zealand, the NZX 50 added 0.1% to 11,657.4.

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