Australian shares fell 0.2 per cent in the first 15 minutes of trade on Wednesday, taking lead from Wall Street’s stumble overnight.
Energy, materials and utilities all slipped between 1.1 per cent and 2.25 per cent. Real estate, tech and consumer discretionary all traded above 1 per cent.
Leading large cap stocks include Qantas up 3.9 per cent, Meridian Energy 3.8 per cent and Dominos 3.75 per cent, while Woodside Energy, Santos and Mineral Resources weighed, all down by more than 2 per cent.
Platinum Asset Management’s shares declined 3.7 per cent after booking another month of outflows.
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