Australian Shares Dip as Austal Reports Higher H1 Earnings and Revenue
Australian Shares experienced a decline as trading wrapped up on Monday following new corporate earnings reports and broader market pressure. Investors reacted to a mixed set of results from key companies including defence firm Austal. The ASX 200 index pushed lower as sectors such as healthcare, real estate, and technology pulled back, signalling caution among traders ahead of more earnings announcements. Domestic market sentiment turned negative despite some pockets of strength in commodities and emerging companies on the smaller end of the index.
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