News: APT Miners, energy stocks drag Australian shares; Afterpay extends rally

Aug 3 (Reuters) - Australian shares fell on Wednesday as a slump in mining and energy stocks outweighed a sharp gain for the second day in buy now, pay later firm Afterpay.

The S&P/ASX 200 index (xjo) dipped 0.3% to 7,471.6 by 0014 GMT, retreating from the previous session's record close.

Afterpay Ltd (APT) led the gains on ASX 200, jumping up to 15% to A$132 after a buyout deal with Square Inc SQ.N on Monday.

Technology stocks .AXIJ rose 4.55%, thanks to Afterpay, followed by Appen Ltd (APX) that gained 4.2%.

Australia's mining and energy sub-index, however slumped as weak metals and oil prices weighed.

The ASX 300 metals and mining index .AXMM fell 1.03%, led by Perseus Mining Ltd (PRU) , down 3.7%, followed by Ramelius Resources Ltd (RMS) , losing 2.82%.

Iron ore prices fell for a fifth straight session overnight, while copper prices also dipped on demand worries. {MET/L]

ASX 200 Energy index .AXEJ lost 0.8​% on softer oil prices. The fall was led by Whitehaven Coal Ltd (WHC) , down 3.6%, followed by Ampol Ltd (ALD) , losing 1.3%.

Financial stocks .AXFJ slid 0.27%, with the big four banks falling between 0.1% and 0.5%.

Investors now look to the Reserve Bank of Australia's meeting on Tuesday where the central bank is expected to maintain the cash rate and will likely also reverse a decision to trim its bond buying programme.

Elsewhere, Japan's Nikkei .N225 was down 0.35% and S&P 500 E-minis futures EScv1 were up 0.25%.

In New Zealand, the benchmark S&P/NZX 50 index (nz50) rose 0.42% to 12,756.6.