Australian S&P/ASX 200 Index fell 0.22% due to weaker mining stocks amid falling metal prices.

Asian markets closed mostly higher on Monday, except for Australia, where the S&P/ASX 200 Index fell 0.22%. This decline reversed previous gains due to weaker mining stocks amid falling metal prices. Australia's manufacturing sector showed a slower contraction in August, with a PMI of 48.5. In Japan, the Nikkei 225 Index rose 0.16%. The Australian dollar was trading at $0.677, while Wall Street had closed significantly higher on Friday.

September 02, 2024
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