Australian Stocks Drop 0.2% in Early Trading

Dow Jones08-03

This article was automatically generated by Dow Jones using technology from Automated Insights.

Stocks in Australia slipped during early trading Monday, as the S&P/ASX 200 Benchmark Index fell 0.2% to 8956.80.

Among local companies with a market cap of at least 15 billion Australian dollars ($10.57 billion), Fortescue is the biggest early laggard, dropping 3.0%, followed by shares of Woodside Energy Group, which dropped 1.6%. Shares of Santos fell 1.4%.

Origin Energy is the biggest leader this morning, increasing 2.9%, and Evolution Mining increased 1.0%. Computershare rounds out the top three movers, as shares climbed 1.0%.

The U.S dollar weakened 0.4% against the Australian dollar to 1.42 Australian dollars.

In the bond markets, the 10-year Australian government bond yield held steady at 4.938%.

Data source: Dow Jones Market Data, FactSet

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