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Australia’s S&P/ASX 200 Index Dips 0.41% as IT and Mining Sectors Weigh

The Australian stock market ended lower on Tuesday, with the S&P/ASX 200 slipping 0.41% at the close in Sydney. Losses in the IT, Telecoms Services, and Metals & Mining sectors contributed to the decline in shares.

Closing bell saw Mesoblast Ltd (ASX: MSB) emerge as the top performer, surging by 43.94% or 0.15 points to 0.47. Similarly, Star Entertainment Group Ltd (ASX: SGR) climbed 4.76% or 0.03 points to finish at 0.55, while St Barbara Ltd (ASX: SBM) rose by 4.55% or 0.01 points, closing at 0.17.

Conversely, Atlas Arteria (ASX: ALX) experienced a significant decline, dropping by 4.87% or 0.26 points to 5.08 by the close. Idp Education Ltd (ASX: IEL) also faced a downturn, falling by 4.59% or 0.83 points to settle at 17.27, while Seven Group Holdings Ltd (ASX: SVW) decreased by 4.09% or 1.69 points, concluding at 39.62.

On the Sydney Stock Exchange, declining stocks outnumbered advancing ones, with 637 shares falling, 476 rising, and 341 remaining unchanged.

Atlas Arteria (ASX: ALX) reached a three-year low, declining by 4.87% to 5.08, while Idp Education Ltd (ASX: IEL) also hit a three-year low, falling by 4.59% to 17.27.

The S&P/ASX 200 VIX, measuring implied volatility of S&P/ASX 200 options, decreased by 4.68% to 10.55.

In commodities trading, April gold futures were down 0.20% or 4.30 to $2,172.10 a troy ounce, while May crude oil delivery rose by 0.10% or 0.08 to $82.03 a barrel. June Brent oil contract increased by 0.13% or 0.11 to trade at $86.19 a barrel.

The AUD/USD remained unchanged at 0.65, while the AUD/JPY fell by 0.03% to 99.00.

The US Dollar Index Futures decreased by 0.05% to 103.88.