Australian shares hit four-month low as miners drag

Reuters
2025.11.17 00:35
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Australian shares hit a four-month low, with the S&P/ASX 200 index falling 0.3% due to weaker commodity prices affecting mining stocks. Major miners like BHP, Rio Tinto, and Fortescue saw declines. Gold miners also fell as bullion prices dropped. Strong employment data reduced expectations for rate cuts by the Reserve Bank of Australia. Financials slipped slightly, while IperionX tumbled 25% after rejecting a short seller report. New Zealand's S&P/NZX 50 index remained stable.

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