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NZD3.73 -0.0  -0.8%

Last Trade - 30/07/21

Sector
Consumer Defensives
Size
Mid Cap
Market Cap £409.3m
Enterprise Value £659.5m
Revenue £706.2m
Position in Universe 341st / 1946

Australian shares slide on rising COVID-19 cases; tech stocks drag

Tue 1st June, 2021 2:22am
June 1 (Reuters) - Australian stocks slid on Tuesday as
rising COVID-19 cases in the state of Victoria dented sentiment,
with investors eyeing a rate decision by the country's central
bank later in the day.
    The benchmark ASX 200 index  .AXJO  shed 0.4% to 7,135.2 by
0012 GMT, having closed 0.2% lower on Monday.
    Australia's second-most populous state Victoria added nine
new local COVID-19 cases on Tuesday after state authorities
called the situation "incredibly serious".  urn:newsml:reuters.com:*:nS9N2MY009
    The focus now shifts to the Reserve Bank of Australia's
policy review meeting, where it is expected to hold rates at
record low for a sixth straight time.  urn:newsml:reuters.com:*:nL2N2NE07A
    Among sectors, tech stocks  .AXIJ  were the worst hit,
losing over 1% in their biggest one-day fall in nearly two
weeks. Buy-now-pay-later giant Afterpay Ltd  APT.AX  shed 2.3%.
    Financials  .AXFJ  eased 0.6% with the "big four" banks
losing between 0.4% and 0.7%.
    Gold stocks  .AXGD  followed suit, declining 0.6% even as
prices were on course for their biggest monthly jump since July
2020.  GOL/ 
    Gold miners Newcrest Mining Ltd  NCM.AX  and Northern Star
Resources Ltd  NST.AX  shed 0.4% and 0.9%, respectively.
    However, heavyweight mining stocks  .AXMM  were up nearly
1%, hitting their highest level in nearly two weeks, as iron ore
futures surged.  IRONORE/ 
    Mining titans Rio Tinto  RIO.AX  and BHP Group  BHP.AX 
added 1.3% and 1.1%, respectively.
    Meanwhile, Nine Entertainment Co Holdings  NEC.AX  jumped 4%
to be among the top gainers on the benchmark after announcing
multi-year content-supply deals with Google  GOOGL.O  and
Facebook  FB.O .  urn:newsml:reuters.com:*:nL2N2NI1XP
    Across the Tasman sea, New Zealand's benchmark NZX 50 index
 .NZ50  was largely unchanged, trading down 0.1% to 12,308.3.
    Freight gateway operator Port of Tauranga Ltd  POT.NZ  was
the top loser on the bourse, shedding about 2%.
    In other markets, Japan's Nikkei  .N225  was up 0.02% at
28,866.14 and S&P 500 E-minis futures  EScv1  were down 3.5
points, or 0.08%.

 (Reporting by Yamini C S in Bengaluru; editing by Uttaresh.V)
 ((Yamini.CS@thomsonreuters.com;))
 
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