Australian shares flat as miners continue to drag

The West Australian07-07

Australia’s share market is struggling to find momentum for a second straight session as mining stocks continue to drag on the exchange.The S&P/ASX200 eased by 0.8 points by midday, down 0.01 per cent...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2649724609?lang=en_US&edition=fundamental","thumbnail":"https://images.thewest.com.au/publication/C-22541861/6aac52d0905cca6ba2cf720c6a14599fdc0201ed-16x9-x0y0w1280h720.jpg","is_english":true,"pubTime":"2026-07-07 02:27","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2649724609","market":"nz","top_or_hot":-1,"title":"Australian shares flat as miners continue to drag","media":"The West Australian","content":"<div>\n<p>Australia’s share market is struggling to find momentum for a second straight session as mining stocks continue to drag on the exchange.The S&P/ASX200 eased by 0.8 points by midday, down 0.01 per cent...</p>\n\n<a href=\"https://thewest.com.au/business/australian-shares-flat-as-miners-continue-to-drag-c-22541861\">Source Link</a>\n\n</div>\n","source":"thewest_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Australian shares flat as miners continue to drag</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAustralian shares flat as miners continue to drag\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-07-07 02:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thewest.com.au/business/australian-shares-flat-as-miners-continue-to-drag-c-22541861><strong>The West Australian</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Australia’s share market is struggling to find momentum for a second straight session as mining stocks continue to drag on the exchange.The S&P/ASX200 eased by 0.8 points by midday, down 0.01 per cent...</p>\n\n<a href=\"https://thewest.com.au/business/australian-shares-flat-as-miners-continue-to-drag-c-22541861\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"E200.AU","symbol_name":"SPDR S&P/ASX 200 ESG FUND","start_time":0,"source_url":"https://thewest.com.au/business/australian-shares-flat-as-miners-continue-to-drag-c-22541861","article_id":"2649724609","we_media_id":null,"thumbnails":["https://images.thewest.com.au/publication/C-22541861/6aac52d0905cca6ba2cf720c6a14599fdc0201ed-16x9-x0y0w1280h720.jpg"],"rights":{"source":"thewest_stock","url":"https://thewest.com.au/business/australian-shares-flat-as-miners-continue-to-drag-c-22541861","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2649724609","pubTimestamp":1783362464,"columns":[],"sourceInfo":{"source_id":"thewest_stock","name":"The West Australian"},"weMediaInfo":null,"summary":"A rebound in banking stocks is helping balance weakness in the mining and energy sectors, while a board reshuffle at a local tech giant has boosted IT stocks.","collect":0,"end_time":0,"defaultTopTitle":"thewest.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"E200.AU":"SPDR S&P/ASX 200 ESG FUND","QFN.AU":"BetaShares Australian Fincls Sect ETF","GEAR.AU":"BETASHARES GEARED AUS EQTY F","GIVE.AU":"PERPETUAL ESG AU SHR EQMF","XJO.AU":"标普/澳交所 200指数","QRE.AU":"BetaShares Australian Res Sect ETF","BK4581":"高盛持仓","XKO.AU":"标普/澳交所 300指数","BK4588":"碎股","EWA":"澳大利亚ETF-iShares MSCI","IOZ.AU":"iShares Core S&P/ASX 200","BK4582":"ESG ETF-MSCI","BK4534":"瑞士信贷持仓","OZF.AU":"SPDR S&P/ASX 200 FINANCIALS","STW.AU":"SPDR® S&P/ASX 200 ETF","BBOZ.AU":"BETASHARES AUSTRALIAN STRONG BEAR (HEDGE FUND)","IEFA":"iShares Core MSCI EAFE ETF","OZR.AU":"SPDR S&P/ASX 200 RESOURCES F","BK4504":"桥水持仓","BK4585":"ETF&股票定投概念","IMLC.AU":"INV MUTUAL CONC AUS SHAR ETF","EIGA.AU":"EINVEST INCOME GENERATOR FD","IIGF.AU":"Intelligent Investor Australian Equity Growth Fund (Managed Fund)","ZYAU.AU":"Etfs S&p/asx 300 High Yield Plus Etf","VAP.AU":"VANGUARD AU PROP SEC IDX ETF","DACE.AU":"DIMENSIONAL AUST CORE EQ","BEAR.AU":"BETASHARES AUS EQ BEAR HF","SLF.AU":"SPDR S&P/ASX 200 LISTED PROP","IISV.AU":"INTELL INV SELVAL SHR FD MF","VAS.AU":"VANGUARD AUST SHARES IDX ETF","XAO.AU":"标普/澳交所 普通股指数"},"translate_title":"由于矿商继续拖累，澳大利亚股市持平","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"E200.AU":0.6,"IIGF.AU":0.6,"XAO.AU":1.5,"BBOZ.AU":0.6,"VAP.AU":0.6,"QFN.AU":0.6,"IISV.AU":0.6,"STW.AU":0.6,"XJO.AU":1.5,"IEFA":1.5,"XKO.AU":1.5,"GIVE.AU":0.6,"IOZ.AU":0.6,"OZF.AU":0.6,"VAS.AU":0.6,"OZR.AU":0.6,"GEAR.AU":0.6,"DACE.AU":0.6,"QRE.AU":0.6,"ZYAU.AU":0.6,"BEAR.AU":0.6,"SLF.AU":0.6,"IMLC.AU":0.6,"EIGA.AU":0.6,"EWA":1.5},"content_text":"Australia’s share market is struggling to find momentum for a second straight session as mining stocks continue to drag on the exchange.The S&P/ASX200 eased by 0.8 points by midday, down 0.01 per cent to 8830.2, as the broader All Ordinaries lost one point, or 0.01 per cent, to 9036.The move followed a positive lead from Wall Street overnight after US tech stocks rallied on renewed hopes around artificial intelligence demand ahead of earnings season.ASX-listed IT stocks charged 2.7 per cent higher, led by a more than 11 per cent surge in WiseTech to $39.38, after controversial co-founder Richard White stepped down as executive chair but retained a spot on the board along with his role as chief innovation officer.Miners continued to weigh on the local bourse, with basic materials down 1.2 per cent as iron ore and copper prices stagnated on reports China’s economic growth is expected to slow from five per cent to 4.5 per cent in the second quarter.Rio Tinto tumbled 1.5 per cent to $168.57, while BHP shed 0.4 per cent to $59.80.Gold miners were also under pressure as the precious metal eased to $US4137 ($A5,951) an ounce, dragging the sub-industry more than three per cent lower.Energy stocks fell 0.8 per cent, as oil prices hung onto recent losses amid hopes of a permanent end to the US-Iran conflict and after OPEC+ nations flagged plans to increase output in August.MiningCommentsPremiumNorthern Minerals investors defy divestment ordersSean SmithBanks offered a ballast to broader weakness as Commonwealth Bank led its big four competitors up with a 1.3 per cent advance to $166.79, its highest price in weeks.The financial sector has been under pressure in recent months amid a cooling housing market and flagged federal tax reforms that could further dampen property and stock investment.In company news, A2 Milk slumped 1.8 per cent as it tipped supply shortfalls for its China label infant milk formula product at distributors and retailers.Lynas Rare Earths slumped almost three per cent as it announced plans to build a magnet factory in Malaysia with its joint venture partner, South Korea’s JS Link.Looking to the new financial year, AMP chief economist Shane Oliver said sticky inflation, higher interest rates and the property downturn remained the biggest risks to investors.“However, with recession looking unlikely, profits likely to keep rising and the Fed and RBA likely to be cutting rates in 2027, investment returns are likely to be reasonable over the year ahead but maybe a bit slower than those of the last four years,” Dr Oliver said.“The key for investors, including super fund members, is to maintain a long-term strategy and turn down the noise.”The Australian dollar is buying 69.56 US cents, up from 69.48 US cents on Monday at 5pm.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.46.0","shortVersion":"4.46.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2649724609","isCrawlerRequest":true}