By Oliver Gray
Investing.com - The S&P/ASX 200 finished 14.90 points or 0.20% lower at 7,499.60 during Thursday’s deals amid reports that Australia will impose a 35% tariff on all imports from Russia and Belarus as it ramps up economic sanctions in response to Vladimir Putin's invasion of Ukraine.
Among stocks, Technology fell 2.2% overall with Block Inc (ASX:SQ2) down 4.7%, Appen Ltd (ASX:APX) falling 3.4% and Xero Ltd (ASX:XRO) down 4.6%, Megaport Ltd (ASX:MP1) shedding 1.5% while Novonix Ltd (ASX:NVX) bucked the trend, lifting 9.7%.
Energy companies fell 1%, with Woodside Petroleum Ltd (ASX:WPL) down 1.4%, Santos Ltd (ASX:STO) losing 1.7%, Beach Energy Ltd (ASX:BPT) down 2.2% and Viva Energy Group Ltd (ASX:VEA) declining 2.5%.
Financials also eased 1% with Macquarie Group Ltd (ASX:MQG) down 1.8%, Australia and New Zealand Banking Group Ltd (ASX:ANZ) falling 1%, Westpac Banking Corp (ASX:WBC) down 1.1% and Commonwealth Bank Of Australia (ASX:CBA) down 1.2%.
On the bond markets, Australia 10-Year rates were at 2.835% while United States 10-Year yields were at 2.349%.
In New Zealand, the NZX 50 added 0.1% to 12,110.