* Energy stocks track crude higher
* Miners down on demand worries
* NZX 50 fell 0.4%
Sept 28 (Reuters) - Australian shares ended lower on
Tuesday, dragged down by heavyweight miners, as investors
weighed the potential impact of a widening power shortage in
The S&P/ASX 200 index fell 1.47% to finish the
session at 7,275.6 points, wiping out nearly all the gains made
last week. The benchmark closed 0.57% higher on Monday.
Australia's top trading partner China is in the grip of a
power crunch, which has halted production at several factories,
including many that supply components to Apple and
That led to major Australian miners falling 2.6%, as
iron ore and base metal prices slipped on worries about demand.
The country's big mining triumvirate, BHP Group,
Rio Tinto and Fortescue Metals, skidded
between 2.3% and 5.6%.
Technology stocks fell 2.85%, tracking Wall Street's
tech-heavy Nasdaq Composite Index, which fell 0.52%
Heavyweight software as a service firm Xero Ltd led
losses on the sub-index, falling 6.4%, followed by data centre
operator NEXTDC Ltd losing 4.8%.
Energy shares were a bright spot, soaring 4.34% to
hit over three months high as oil prices extended their rally
into a sixth session on Tuesday amid continued concerns over
Beach Energy Ltd and Oil Search Ltd led
gains on the sub-index, advancing 10.5% and 7.1%, respectively.
Australian retail sales fell 1.7% in August to A$29.3
billion ($21.27 billion), but beat market forecasts of a 2.5%
New Zealand's benchmark S&P/NZX 50 index fell 0.4%
to finish the session at 13174.4 points.
($1 = 1.3778 Australian dollars)
(Reporting by Riya Sharma in Bengaluru; Editing by Ramakrishnan