July 1 (Reuters) - Banks pressured Australian shares on
Thursday as lockdowns to curb the spread of the highly
infectious Delta variant of coronavirus remained in place.
The S&P/ASX 200 index fell 0.4% to 7,285.1 points on
the first day of the new financial year. The benchmark rose 0.2%
Elsewhere, Japan's Nikkei was down 0.1%, while S&P
500 E-minis futures gained 0.2%.
In the past few days, major cities, including Sydney, Perth
and Brisbane, have gone into a lockdown. Around one-in-two
Australians are now under stay-at-home orders and millions of
others subjected to movement curbs and mandatory mask-wearing.
The financial index was the top percentage loser on
the bourse, with Commonwealth Bank of Australia
shedding 0.7%, and Australia and New Zealand Banking Corp
Gold stocks gained the most among sectors, up 1%,
benefiting from firmer bullion prices.
Geopacific Resources added as much as 12.2% and was
the top percentage gainer on the sub-index, while Newcrest
Mining gained 0.8%.
Australia's top power producer rose 1.6%. Its
shares fell 10% in the previous session as the company outlined
plans to split into a bulk power generator and a carbon-neutral
energy retailer by June 2022 as well as stop paying special
Technology stocks took their cue from a weak
overnight session on the tech-heavy Nasdaq and fell 0.1%
Software maker Altium Ltd lost 0.5% and software
solutions provider WiseTech Global fell 0.8%.
New Zealand's benchmark S&P/NZX 50 index was flat at
Pushpay Holdings Ltd and Z Energy Ltd were
the top percentage losers on the index.
(Reporting by Harish Sridharan in Bengaluru; Editing by Amy