By Oliver Gray
Investing.com - The S&P/ASX 200 fell 13.2 points or 0.2% to 7,338.3 during Tuesday’s trade, following slight gains of 0.1% in the previous session as market participants monitored a flurry of local earnings results as well as the latest minutes released from the Reserve Bank of Australia.
Among stocks, technology and staples led declines, with Block Inc (ASX:SQ2) down 0.9%, Link Administration Holdings Ltd (ASX:LNK) falling 1.2%, Altium Ltd (ASX:ALU) sinking 6.4% and Computershare Ltd. (ASX:CPU) down 1.5%. Coles Group Ltd (ASX:COL) fell 1.6% after results, while Graincorp Ltd (ASX:GNC) dipped 0.9% and Woolworths Ltd (ASX:WOW) fell 0.3%.
In policy news, RBA minutes revealed that policymakers considered further aggrewssive interest rates hikes of 50 basis points at the latest meeting, amid higher inflation pressures, while price and wage data exceeded expectations.
On the bond markets ,Australia 10-Year rates were near 7-week highs of 3.831%.
In New Zealand, the NZX 50 dipped 0.8% to 11,801.5.