# Australian shares slip on inflation concerns, miners top drags — retained record

> Retained news record from news:india-et-markets.

Canonical: https://highsignal.app/data/records/c9ca1676a07e214f

[← sources](https://highsignal.app/data)


source: [news](https://highsignal.app/data/news) (news:india-et-markets)  published 2026-06-30 08:41 ingested 2026-06-30 09:15

[original source ↗](https://economictimes.indiatimes.com/markets/us-stocks/australian-shares-slip-on-inflation-concerns-miners-top-drags/articleshow/132088823.cms)

## retained text



```
The benchmark S&P/ASX 200 index closed 0.5% lower at 8,778.70 on the final trading day of the current financial year. The index rose 3.5% for the quarter, its best since September 2025, driven by index heavyweight miners and banks. Reserve Bank of Australia policymakers held interest rates steady this month to balance inflation and employment goals, but remained open to further tightening amid inflation risks from the Middle East conflict, the central bank minutes showed.
"The RBA minutes read less like a victory lap and more like a reminder that the inflation marathon still has several kilometres to run," said Marc Jocum, a senior product and investment strategist at Global X ETFs.
"Next month's inflation report may ultimately determine whether markets are approaching the finish line or merely rounding the final bend."
Miners declined 1.7%, with BHP Group down 0.7%, while gold stocks fell 4.6%.
Financials gained 0.4%, with top lender Commonwealth Bank of Australia up 0.6%.
Energy stocks climbed 0.4% on Tuesday, but fell 16.5% for the quarter in their biggest drop since the start of the pandemic in March 2020.
"Energy's poor quarter reflects a sharp unwind in the geopolitical risk premium and weaker oil prices," said Jocum.
"While demand could revive if Middle East tensions escalate or oil supply tightens, longer-term demand tailwinds from AI infrastructure and electrification could also provide support for parts of the energy sector."
In New Zealand, the benchmark S&P/NZX 50 index climbed 0.6% to 13,621.66, its highest close since March 2.
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
```



document fetched 2026-06-30 09:15