Australian Stocks Close Lower as S&P/ASX 200 Slides 1.02%
We saw a broad pullback across local equities as Australian stocks closed lower, with the S&P/ASX 200 ending the session down 1.02%. Selling pressure was steady through the day, reflecting a cautious tone among investors who reduced exposure ahead of key global signals. Volume rose as traders rebalanced portfolios, favoring defensive positioning while trimming cyclical and growth-heavy names.
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