NewsBite

ASX slides as banks dip, crude hits $US70 a barrel

A mid-session rally sparked by stronger than expected GDP partials and a still-dovish Reserve Bank of Australia wasn’t enough to lift the Australian sharemarket on Tuesday, as the major banks weighed on local shares.

The S&P/ASX 200 index declined 19 points, or 0.3 per cent, to 7142.6, falling further away from the record high it hit on Friday.

Loading...
William McInnes was a markets reporter for The Australian Financial Review. Connect with William on Twitter. Email William at w.mcinnes@afr.com.au

Read More

Latest In Equity markets

Fetching latest articles

Most Viewed In Markets

    Original URL: https://www.afr.com/markets/equity-markets/asx-slides-as-banks-weigh-20210601-p57x1q