Aug 3 (Reuters) - Australian shares fell on Tuesday as a
slump in mining and energy stocks outweighed a sharp gain for
the second day in buy now, pay later firm Afterpay.
The S&P/ASX 200 index dipped 0.3% to 7,471.6 by 0014
GMT, retreating from the previous session's record close.
Afterpay Ltd led the gains on ASX 200, jumping up
to 15% to A$132 after a buyout deal with Square Inc on
Technology stocks rose 4.55%, thanks to Afterpay,
followed by Appen Ltd that gained 4.2%.
Australia's mining and energy sub-index, however slumped as
weak metals and oil prices weighed.
The ASX 300 metals and mining index fell 1.03%, led
by Perseus Mining Ltd, down 3.7%, followed by Ramelius
Resources Ltd, losing 2.82%.
Iron ore prices fell for a fifth straight session overnight,
while copper prices also dipped on demand worries.
ASX 200 Energy index lost 0.8% on softer oil
prices. The fall was led by Whitehaven Coal Ltd, down
3.6%, followed by Ampol Ltd, losing 1.3%.
Financial stocks slid 0.27%, with the big four banks
falling between 0.1% and 0.5%.
Investors now look to the Reserve Bank of Australia's
meeting on Tuesday where the central bank is expected to
maintain the cash rate and will likely also reverse a decision
to trim its bond buying programme.
Elsewhere, Japan's Nikkei was down 0.35% and S&P 500
E-minis futures were up 0.25%.
In New Zealand, the benchmark S&P/NZX 50 index rose
0.42% to 12,756.6.
(Reporting by Savyata Mishra in Bengaluru)