Australia/New Zealand stocks

Mining index, BHP hit record high

The index slipped 1.6 per cent last week

Mining companies jumped 2.2 per cent to their highest level since Jun 19

The index surpassed 9,000 points for the first time since mid-April

[SYDNEY] Australian shares snapped a four-day losing streak on Friday (Jul 10) after an upbeat session on Wall Street, even as a re-escalation in the Middle East conflict raised supply concerns.

The index is now less than 450 points away from a technical correction

Tech stocks fell 4 per cent

The tech sub-index fell 4.2 per cent for its steepest intraday decline since April 9

[SYDNEY] Australian shares closed nearly 1 per cent lower on Friday (Jun 19), marking their steepest fall in two weeks, as sentiment soured after BHP flagged higher costs and hawkish policy signals from major central banks added to concerns over risk appetite.