
Australian shares took a breather this week, with the ASX 200 falling 1.6% and snapping its recent run of record highs as reporting season gathered pace. Investors were particularly focused on company earnings and outlooks, with even modest disappointments prompting sharp share price moves. Bank results weighed on the broader market, while utilities, technology, healthcare and energy stocks provided some support. The RBA also left the cash rate unchanged at 4.35%.
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