Updated Nov. 22, 2023 12:48 am ET
0545 GMT — Australia’s S&P/ASX 200 edged nearly 0.1% lower to 7073.4 amid continued weakness in consumer-related stocks. The benchmark index swung between narrow losses and gains following a soft lead from U.S. equities before finishing lower. Autoparts distributors Bapcor, GUD and ARB lost between about 0.4% and 2.5% amid pressure on consumer discretionaries. Casino operator Star Entertainment shed 1.9% and retailer Premier Investments lost 1.2%. The weakness spread to consumer staples, with supermarket chain Coles dropping 0.6% and liquor retailer Endeavour losing 0.8%. The property sector lost 1.4%, while the tech sector pulled 1.1% lower, mirroring the relative underperformance of the Nasdaq Composite. ([email protected])
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