S&P/ASX 200 drops; RBA leaves rates unchanged

ASX 200 has closed 0.2 per cent lower, hurt by mining stocks BHP and Whitehaven. Qantas also fell after standing down 2500 crew. Afterpay extended gains. Reserve Bank left rates unchanged.

US investors have been upbeat that the economic expansion will boost corporate profits and enable stocks to keep rising. Picture: AFP

That's all from the Trading Day blog for Tuesday, August 3. Stocks closed lower as mining companies led the falls. US markets mostly fell on global growth worries, paring early gains. Oil prices dropped sharply. Reserve Bank leaves rates unchanged.

On Wall Street, the Dow fell 0.3 per cent, the S&P 500 lost 0.2 per cent and the Nasdaq gained 0.1 per cent. European markets rose and oil prices fell on weak manufacturing growth from China.

Originally published as S&P/ASX 200 drops; RBA leaves rates unchanged

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