Energy and mining lead Australian stocks lower

(Image: Getty)

Tue, 09 Jul 2024

By Derek RoseThe local share market has started the week on a losing note, dragged down in part by losses from the energy and materials sectors following a drop in commodity prices.The benchmark S&P/ASX200 index on Monday dropped 59.1 points, or 0.76%, to 7,763.2, while the broader All Ordinaries fell 57.9 points, or 0.72%, to 8,012.2.The losses came as iron ore futures dropped to US$110 (NZ$179.61) a tonne over the weekend after hitting a one-month high of US$113 on Friday, as investors weighed whether increased demand from China was susta...

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