A post by @FirstSquawk on X.

Australia’s S&P/ASX 200 closed down 0.7% at 9,082.20, extending the benchmark’s decline as selling pressure weighed on the index into the finish. The move marked a lower close for the broad Australian equity benchmark, with the drop concentrated in the headline index level rather than a single named sector in the update. The decline matters as a signal of weaker risk appetite in one of Asia-Pacific’s major developed markets. Next, watch whether the index can hold the 9,000 level and whether the pullback broadens across regional benchmarks.