ASX wrap: dollar hits 19-month high, miners gain as banks fall

Miners had a good day on the Australia stock market on Wednesday. (Image: Supplied)

Thu, 26 Sep 2024

The Australian share market finished slightly lower on Wednesday amid signs traders were selling Australian banking stocks at multi-year highs to move into the beaten-down mining sector.Significant stimulus measures enacted this week by China were behind the boost to the major miners, as the liquidity injections into the world's second-biggest economy sent metals prices soaring.Beijing's stimulus package also boosted Australia's currency, with the Aussie briefly climbing above 69 US cents for the first time in 19 months. It was stil...

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