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Australia Stocks Close Lower; S&P/ASX 200 Down 0.28% as Industrials and Utilities Weigh

Australia’s stock market closed lower on Tuesday, with the S&P/ASX 200 index slipping by 0.28%. The downturn was attributed to declines in the Industrials, Utilities, and Telecoms Services sectors.

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Closing in Sydney, the S&P/ASX 200 concluded the session with a decrease of 0.28%.

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Leading the gainers on the S&P/ASX 200 were Mesoblast Ltd (ASX), which surged by 9.52% or 0.11 points to 1.26 by the close. Additionally, Nickel Mines Ltd (ASX) climbed by 3.21% or 0.03 points, settling at 0.96, and Credit Corp Group Ltd (ASX) rose by 3.20% or 0.45 points, ending late trade at 14.52.

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On the flip side, the session’s biggest losers included Healius Ltd (ASX), which dropped by 4.62% or 0.06 points to 1.24 by the close. Silver Lake Resources Ltd (ASX) followed suit, declining by 4.10% or 0.07 points to 1.52, while AUB Group Ltd (ASX) fell by 4.08% or 1.22 points to 28.67.

Declining stocks surpassed advancing ones on the Sydney Stock Exchange, with 711 stocks falling, 457 advancing, and 454 remaining unchanged.

The S&P/ASX 200 VIX, reflecting the implied volatility of S&P/ASX 200 options, decreased by 0.60% to 11.18.

In commodities trading, Gold Futures for June delivery experienced a 0.37% decrease, amounting to 8.80, settling at $2,343.70 per troy ounce. Meanwhile, Crude oil for delivery in July increased by 0.27% or 0.21, reaching $78.76 per barrel, and the August Brent oil contract rose by 0.04% or 0.03, trading at $82.91 per barrel.

The AUD/USD remained unchanged at 0.67, while the AUD/JPY increased by 0.12% to 104.50.

The US Dollar Index Futures decreased by 0.14%, reaching 104.38.

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