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Banks and miners drag Australian shares lower
Australian shares fell more than 1% on Thursday, with financials and miners leading broad-based losses across all sectors, even as softer-than-expected inflation data released a day earlier eased concerns about further near-term interest rate hikes. The S&P/ASX 200 index lost 1.3% to 8,671.60, as of 0055 GMT. The benchmark closed 0.9% higher on Wednesday, notching its best session in eight weeks, after the August inflation print came in slightly below forecast and lowered expectations of further monetary policy tightening. Meanwhile, data showed Australian home prices fell for a sixth cons...
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