By Oliver Gray
Investing.com - The S&P/ASX 200 fell 22.1 points or 0.3% to 7,468.3 during Wednesday’s trade, snapping 5 session of consecutive gains and slipping from 9-month highs as local inflation data came in hotter than expected, boosting the Aussie to 5-month highs and weighing on risk assets.
Among stocks, losses were led by Information Technology 1.2% as Block Inc (ASX:SQ2) fell 2.7%, Appen Ltd (ASX:APX) lost 0.8%, Megaport Ltd (ASX:MP1) dipped 0.4% and Xero Ltd (ASX:XRO) fell 2.5%.
Energy lost 1.2% collectively as Santos Ltd (ASX:STO) lost 1.6%, Woodside Energy Ltd (ASX:WDS) fell 1.2%, Beach Energy Ltd (ASX:BPT) dipped 1.6% and Viva Energy Group Ltd (ASX:VEA) lost 0.3%.
Financials lifted however, with Macquarie Group Ltd (ASX:MQG) up 0.4%, Commonwealth Bank Of Australia (ASX:CBA) adding 0.7% and Westpac Banking Corp (ASX:WBC) up 0.1%.
Among currencies, the Aussie lifted 0.8% to fresh 5-month highs of 0.71.
On the bond markets, Australia 10-Year rates lifted to 3.511% while United States 10-Year yields were at 3.465%.
In New Zealand, the NZX 50 added 0.2% to 11,994.5.