Australian stock market drops to 12-day low as energy and mining sectors decline.

The Australian stock market fell to a 12-day low on Monday, with the S&P/ASX200 index dropping 0.26% to 8,399.1. The energy and mining sectors led declines, while tech stocks like Afterpay owner Block and Xero saw gains. The Australian dollar hit a more than one-year low, making it the worst-performing G10 currency last week. The Reserve Bank of Australia's cash rate decision is expected on Tuesday.

3 months ago
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