Australian Shares Start the Week in Red
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Australian shares fell as the S&P/ASX 200 dropped 0.2% amid concerns over potential rate hikes by the Reserve Bank of Australia due to strong economic data. Manufacturing PMI hit a three-month high, and ANZ-Indeed Job Ads showed a softening labor market. Financial and healthcare stocks underperformed, with ANZ Group Holdings, National Australia Bank, Westpac Banking Corporation, Sigma Healthcare, Fisher & Paykel Healthcare, and CSL Limited all experiencing declines.
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