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ASX 200 falls; AMP weighs Federal Court ruling, Treasury Wine offloads Karadoc winery

Falls in banks and miners end rally. AMP falls on Federal Court decision. UBS upgrades Telstra to buy. China data hits iron ore, AUD. Treasury Wine sells Karadoc winery.

David Rogers, Valerina Changarathil, Hayden Johnson and Matt Bell
A subdued day of trade after the RBA decided to hold rates steady on Tuesday, but warned of more rate rises. Picture: Jeremy Piper
A subdued day of trade after the RBA decided to hold rates steady on Tuesday, but warned of more rate rises. Picture: Jeremy Piper
less than 2 min read
6:05AMJuly 05, 2023.
Updated 5:13PMJuly 05, 2023
The Australian Business Network

Welcome to the Trading Day blog for Wednesday, July 5. The Australian sharemarket has retreated with the  S&P/ASX 200 index down 0.4 per cent to 7253.50 at 1.30pm AEST.

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Original URL: https://www.theaustralian.com.au/business/trading-day/live-asx-200-to-slip-chinaus-tech-tussle-escalates/live-coverage/697849068de5e995f47b8c8f3e9a0f19