AU Morning Wrap: ASX Slips as Miners Sell off; RBA Expected to Hold

Higher bond yields weighed on shares of large technology companies, pressuring the broader stock market. The tech-focused $Nasdaq Composite Index (.IXIC.US)$ lost 0.8 per cent, and the benchmark $S&P 500 Index (.SPX.US)$ dropped 0.5 per cent. The $Dow Jones Industrial Average (.DJI.US)$ slipped 0.1 per cent, or 41 points, snapping a four-day win streak.

The $S&P/ASX 200 (.XJO.AU)$ is 36 points, or 0.5 per cent lower, at 7088.4. The All Ordinaries is also 0.5 per cent lower.

Materials are the worst hit, down 1.8 per cent. Iron ore miners, $BHP Group Ltd (BHP.AU)$, $Rio Tinto Ltd (RIO.AU)$ and $Fortescue Ltd (FMG.AU)$ have all dipped more than 1.5 per cent. Gold and lithium stocks are also lower, tracking declines in commodity prices.

$Capricorn Metals Ltd (CMM.AU)$: Capricorn Metals has fallen 6.8 per cent to $4.53 after directors Mark Clark and Mark Okeby sold 5 million and 2 million shares, respectively.

$Origin Energy Ltd (ORG.AU)$: Origin Energy has slipped 1 per cent to $7.78. Yesterday, shareholders rejected a takeover proposal by Brookfield and EIG was rejected by shareholders.

$Evolution Mining Ltd (EVN.AU)$: Evolution Mining has halted its shares ahead of a $525 million share placement to fund an 80 per cent stake in New South Wales gold and copper mine Northparkes. Shares last traded at $4.14.

$Life360 Inc (360.AU)$: Life360 has slipped 3.7 per cent to $7.49 after co-founder and CEO Chris Hulls sold a $US4 million parcel of shares, citing tax obligations.

Trading Ex-div: $Fisher & Paykel Healthcare Corp Ltd (FPH.AU)$, $Dalrymple Bay Infrastructure Ltd (DBI.AU)$, $Qualitas Real Estate Income Fund (QRI.AU)$