The Australian stock market recorded its largest single-day decline since June 2022.

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ODAILY
08-05
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Odaily Odaily News Australian stocks were not immune to the sell-off on Monday, with the benchmark index falling more than 3%, the biggest one-day drop since June 2022. This was the second consecutive day of stock market declines before the Reserve Bank of Australia made its interest rate decision on Tuesday. Technology and bank stocks led the decline, with financial stocks experiencing their worst day since June 2020 after trading at record levels in the previous few weeks. With the arrival of the earnings season this month, the Commonwealth Bank of Australia is about to announce its results, which will further test the Australian market. (Jinshi)

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