Aust stocks fall as RBA hikes rates

The local share market has lost ground after the Reserve Bank of Australia hiked the cash rate for the eighth time this year to the highest level in a decade. The benchmark S&P/ASX200 index dropped 34.3 points, or 0.47 per cent, to 7291.3 while the broader All Ordinaries fell 40.1 points, or 0.53 per cent, […]

This post was originally published on Michael West.