The Economic Times

Australian stocks close lower after core inflation beats expectations, rate-hike bets rise; S&P/ASX 200 drops, check top gainers and losers

Australian shares saw early gains erased, closing slightly lower. Hotter inflation data has boosted expectations for an interest rate hike by the Reserve Bank of Australia next week. Miners and energy stocks provided some support, while financials experienced a dip. Life360 Inc. and Catapult Sports Ltd were among the top decliners.