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As it happened: ASX closes 0.7% lower; RBA rethinks inflation outlook – The Sydney Morning Herald
The ASX closed 0.7 per cent lower, down 49.7 points to 7420.4, with all sectors lower aside from tech stocks.
The ASX sunk lower on Tuesday as it became clear the nations central bank was far more dovish than hawkish, leading to fears of price and earnings squeezes amid an inflation breakout.
The benchmark S&P/ASX 200 declined by 0.7 per cent to 7420.4 points,…
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