Sept 7 (Reuters) - Australian shares were flat on Tuesday as
investors stayed on the sidelines ahead of the Reserve Bank of
Australia's (RBA) policy meeting, while sentiment was tepid as
authorities struggled to contain the Delta variant despite
The S&P/ASX 200 index was flat at 7,514.9 points, as
of 0053 GMT.
Miners were the biggest losers on the benchmark,
losing 0.7% on weaker iron ore prices, while energy stocks
gained the most, adding 0.8% even as oil prices were
On the policy decision front, analysts were undecided on
whether the RBA will put off its tapering plans at its September
policy meeting due later in the day.
Investors also took heart from hopes that the United States
would stay its interest rates low for longer.
At home, job advertisements slipped in August as coronavirus
lockdowns spread from Sydney to Melbourne and Canberra, though
the drop was minor compared with the losses seen during the
first stage of the pandemic last year.
Among individual stocks and sectors, mining giants Rio Tinto
, BHP Group and Fortescue Metals
declined between 1% and 2%, whereas energy firms Santos
and Whitehaven Cioal were up 0.7% and 3.1%,
Banking stocks were nearly flat as they flitted
between negative and positive territory, with the "Big Four"
banks trading in the red.
Gold stocks were down 0.3% as bullion prices inched
lower, with gold miners Northern Star Resources and
Newscrest Mining losing 0.3% and 0.6%, respectively.
In New Zealand, the benchmark S&P/NZX 50 index
traded 0.2% higher at 13,319.63 points.
Shipment managing firm Napier Port Holdings and
payments company Pushpay Holdings were the top gainers,
adding nearly 2% each.
In other markets, Japan's Nikkei was up 1%, while
the S&P 500 E-minis futures were up 0.1%.
(Reporting by Yamini C S in Bengaluru, Editing by Sherry