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Australian stocks drop below 7,900 as mining, tech firms suffer; dollar weakens to $0.630.
Australian stocks fell on Monday, with the S&P/ASX 200 index dropping below 7,900, following negative trends from Wall Street.
Mining and tech stocks were hit hard, with companies like BHP and Rio Tinto losing over 2%, and tech firms such as Afterpay and Xero also suffering significant declines.
The Australian dollar weakened to $0.630.
Investors are also watching for the Reserve Bank of Australia's interest rate decision later in the week.
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Las acciones australianas caen por debajo de 7.900 como la minería, las empresas de tecnología sufren; dólar se debilita a $0.630.