Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Australia shares slip from 14-month high as banking and tech stocks weigh

04/19/2021 | 08:59pm EDT

April 20 (Reuters) - Australian shares slipped from 14-month highs on Tuesday, tracking losses on Wall Street, with technology and financial stocks weighing the most on the local benchmark.

The S&P/ASX 200 index fell 0.5% to 7,030.10 by 0030 GMT, down after rising for five straight sessions to hit its highest level since Feb. 24, 2020 on Monday. It is off more than 2% from a record high scaled in February last year.

Overnight, all three major U.S. indexes settled lower, slipping from last week's record levels as investors awaited direction from corporate earnings, while electric carmaker Tesla fell more than 3%.

In other markets, Japan's Nikkei traded 1.73% lower on Tuesday, while S&P 500 E-minis futures were up 0.17%.

In Australia, Afterpay was among the top percentage gainers on the benchmark, trading 2.6% higher after it said it was exploring a U.S. listing and reported a more than two-fold jump in its third-quarter sales volumes.

Gains in Afterpay, however, failed to push the Australian technology index higher. The index declined as much as 1.2%.

Miners declined about half a percent, with BHP Group and Fortescue Metals Group falling about 0.2% each.

Rio Tinto, the world's biggest iron ore miner, added 0.8% after it reported a 7% rise in its March-quarter iron ore shipments compared with a year earlier.

Lynas Rare Earths lost as much as 4%, marking its biggest intraday percentage drop in nearly four weeks, after it reported a slight drop in its quarterly rare earths output.

Financial stocks fell 0.6%, with top lenders Commonwealth Bank of Australia and Australia and New Zealand Banking Group Ltd declining 0.4% each.

In New Zealand, the benchmark S&P/NZX 50 index fell 1% to 12,641.1, its biggest drop in four weeks.

The top percentage loser on the index was Meridian Energy , down 3.1%. Mercury NZ fell 2.5%, while Auckland International Airport slipped 1.7%. ($1 = 1.2868 Australian dollars) (Reporting by Sameer Manekar in Bengaluru; Editing by Subhranshu Sahu)

© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AFTERPAY LIMITED -0.26% 126 End-of-day quote.6.78%
AUCKLAND INTERNATIONAL AIRPORT LIMITED 2.74% 8.07 End-of-day quote.6.46%
BHP GROUP -2.16% 37.65 End-of-day quote.-11.27%
COMMONWEALTH BANK OF AUSTRALIA -0.07% 104.88 End-of-day quote.27.73%
DJ INDUSTRIAL 0.21% 35677.02 Delayed Quote.16.33%
FORTESCUE METALS GROUP LIMITED -0.69% 14.31 End-of-day quote.-38.92%
LYNAS RARE EARTHS LIMITED -8.06% 6.84 End-of-day quote.71.86%
MERCURY NZ LIMITED -0.33% 6.1 End-of-day quote.-6.58%
MERIDIAN ENERGY LIMITED -0.40% 5.02 End-of-day quote.-32.35%
NASDAQ 100 -0.87% 15355.065261 Real-time Quote.20.18%
NASDAQ COMP. -0.82% 15090.200353 Real-time Quote.18.06%
NIKKEI 225 0.34% 28804.85 Real-time Quote.4.96%
RIO TINTO PLC 0.51% 4672.5 Delayed Quote.-14.58%
S&P 500 -0.11% 4544.9 Delayed Quote.21.13%
S&P/ASX 200 0.00% 7415.5 Real-time Quote.12.58%
TESLA, INC. 1.75% 909.68 Delayed Quote.28.91%
Latest news "Economy & Forex"
05:57pUK says substantial differences remain with EU over Northern Ireland trade
05:47pTesla increases model 3 standard range plus price by $2,000 to $43,990 – company website
05:47pTesla increases model y long range by $2,000 to $56,990 – company website
05:47pTesla increases model s long range price by $5000 to $94,990 – company website
05:46pTesla increases model x long range price by $5000 to $104,990 – company website
05:30pUk says talks with eu on northern ireland protocol have been constructive, but substantial gaps remain
05:24pMCX MULTI COMMODITY EXCHANGE OF INDIA : reports Net Profit of 32.66 cr. in Q2 FY21-22
02:55pU.S. CDC Reports Total Deaths Of 733,834 Due To Coronavirus As Of Yesterday Versus 731,931 In Previous Report On Oct 22
02:55pU.s. cdc reports total novel coronavirus cases of 45,316,210 as of yesterday versus 45,235,796 in previous report on oct 22
02:54pU.s. cdc reports total deaths of 733,834 due to coronavirus as of yesterday versus 731,931 in previous report on oct 22
Latest news "Economy & Forex"