Australian Stocks Drop 0.9% In Early Trading

Dow Jones
Jun 04

This article was automatically generated by Dow Jones using technology from Automated Insights.

Stocks in Australia slipped during early trading Thursday, as the S&P/ASX 200 Benchmark Index fell 0.9% to 8706.00.

Among local companies with a market cap of at least 15 billion Australian dollars ($10.70 billion), Lynas Rare Earths is the biggest early laggard, falling 4.3%, followed by shares of Northern Star Resources, which dropped 4.2%. Shares of Fortescue fell 3.1%.

Pro Medicus is the biggest leader this morning, increasing 1.6%, and Woolworths Group rose 1.4%. Coles Group rounds out the top three movers, as shares gained 1.3%.

The U.S dollar strengthened 0.1% against the Australian dollar to 1.40 Australian dollars.

In the bond markets, the 10-year Australian government bond yield rose 0.27 basis point to 4.925%.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

June 03, 2026 20:31 ET (00:31 GMT)

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