AU Evening Wrap: Australia Shares Slip 0.6% as RBA Holds Rates
$S&P/ASX 200 (.XJO.AU)$ closed 0.6% lower at 7581.6 as the country's central bank held interest rates. Following a negative lead by U.S. equities, the benchmark index was already down by 0.5% when the Reserve Bank of Australia said it would hold the cash rate at 4.35% and revised down its inflation forecasts.
The heavyweight materials sector dropped 1.1%, with shares of lithium, gold and iron-ore miners all losing ground. $Rio Tinto Ltd (RIO.AU)$, $BHP Group Ltd (BHP.AU)$ and $Fortescue Ltd (FMG.AU)$ gave up between 0.55% and 2.9%. Gold miner $West African Resources Ltd (WAF.AU)$ tumbled 11% after issuing its annual production guidance.
Tech was the worst-performing of the ASX 200's 11 sectors, shedding 1.8%.
Banks $Westpac Banking Corp (WBC.AU)$, $National Australia Bank Ltd (NAB.AU)$ and $CommBank (CBA.AU)$ lost between 0.1% and 1.0%.
S&P/ASX 200 Movers for Tuesday (Feb/6)
![AU Evening Wrap: Australia Shares Slip 0.6% as RBA Holds Rates](https://ausnsimg.moomoo.com/feed_image/151000101/4357d3eeae52394db970c1a2d87e86a0.png/bigmoo)
How to find the above information in moomoo app:
1. Open moomoo app
2. Search for and tap on ".XJO"
3. Roll down to see "Constituent Stocks"
4. You can filter the list based on "%Chg"
2. Search for and tap on ".XJO"
3. Roll down to see "Constituent Stocks"
4. You can filter the list based on "%Chg"
10 Top-Traded AU Stocks for Tuesday (Feb/6)
![AU Evening Wrap: Australia Shares Slip 0.6% as RBA Holds Rates](https://ausnsimg.moomoo.com/feed_image/151000101/cf87b062416a3279bcedf5b60c484e0f.png/bigmoo)
How to find the above information in moomoo app:
1. Open moomoo app
2. Tap your finger on "Market" and "AU"
3. Roll down and tap on "Main Board"
4. You can filter the list based on "Turnover"
1. Open moomoo app
2. Tap your finger on "Market" and "AU"
3. Roll down and tap on "Main Board"
4. You can filter the list based on "Turnover"
Source: Dow Jones Newswires, AFR
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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