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ASX dips 0.2pc, dragged lower by banks, miners – The Australian Financial Review
The Australian sharemarket edged lower on Monday, with losses in the big banks and miners offsetting a rising in local tech stocks.
The major miners dragged the market, with iron ore demand sentiment remaining nervous ahead of National Day holidays, with port stocks in China at their highest level since late March.
BHP Group fell 1.3 per cent to $37.13, Rio Tinto dipped 1.5 per cent to $96.55 and Mineral Resources slid 2.4 per cent to $24.54.
The major banks also weighed. Commonwealth Bank dropped 1 per cent to $65.49, Westpac fell 1.1 per cent to $17.38, NAB slid 0.8 per cent to $18.22 and ANZ lost 1.3 per cent to close t…
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