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ASX 200 sheds 0.3%, RBA minutes ahead

Published 18/04/2023, 10:31 am
Updated 18/04/2023, 10:34 am
© Reuters

By Oliver Gray 

Investing.com - The S&P/ASX 200 fell 23.9 points or 0.3% to 7,357.6 after the first 40 minutes of Tuesday's trade, retracing gains of 0.3% in the previous session as investors look ahead to the Reserve Bank of Australia's latest meeting minutes for clues into the future path of rate hikes.

ASX 200 Futures were pointing 0.1% lower.

Among stocks, energy led losses, falling 1.4% overall. Woodside Energy Ltd (ASX:WDS) lost 2%, Santos Ltd (ASX:STO) dipped 1.6% and Beach Energy Ltd (ASX:BPT) was down 0.7%.

health care also declined with Resmed Inc DRC (ASX:RMD) down 0.5%, CSL Ltd (ASX:CSL) slipping 0.4% and Ramsay Health Care Ltd (ASX:RHC) down 2.3%.

Gold miners retreated with St Barbara Ltd (ASX:SBM) shedding 4.1%, Newcrest Mining Ltd (ASX:NCM) falling 0.9%, Northern Star Resources Ltd (ASX:NST) down 1.4% and Evolution Mining Ltd (ASX:EVN) falling 1.4%.

Among reporting companies Telix Pharmaceuticals Ltd (ASX:TLX) is up 10.3% after releasing quarterly results, with revenues coming in at A$100.1 million versus $75.9 million expected.

On the bond markets, Australia 10-Year rates were at 3.459%.

In New Zealand, the NZX 50 fell 0.5% to 11,882.9.

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