Thanks afternoon crew.
End-of-day summary:
Declines in key commodities amid US growth worries helped drag the Australian share market to its first loss in three sessions.
The ASX 200 eased 24 points or 0.31% to 7737.
Resource stocks weighed after an overnight report showed US manufacturing contracted in May for a second month. BHP, Rio Tinto and Fortescue Metals declined as iron ore dropped another 2.2% in China this afternoon. Oil's four-month overnight low and additional down-pressure today helped drive Santos and Woodside down more than 1.7%.
US stocks finished mixed overnight as the dollar and treasury yields responded to the soft data. A new suite of Nvidia AI chips boosted the Nasdaq and shielded the S&P 500 from weakness among cyclical stocks exposed to a slowdown in US growth. The Dow shed 0.3%.
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Thanks afternoon crew. End-of-day summary: Declines in key...
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