SYDNEY — The S&P/ASX 200 index closed lower on Tuesday, falling 19.7 points or 0.23% to finish at 8,605.4 as weakness in mining and energy stocks offset gains in financials and technology amid cautious global sentiment.

The benchmark index recorded its third consecutive session of modest losses, extending a period of consolidation after recent highs. Trading volume remained solid as investors navigated mixed signals from overseas markets and domestic corporate updates.

Mining stocks led the retreat, pressured by softer iron ore and copper prices. Major names in the sector posted losses of 1-2%, reflecting concerns over Chinese demand and global industrial activity. Energy stocks also contributed to the downside as oil prices eased slightly.

In contrast, financial stocks provided some support, with the big four banks showing resilience amid stable interest rate expectations. Technology and selected consumer names also gained ground, highlighting rotation toward defensive and growth-oriented sectors during uncertain periods.

The decline came as U.S. markets showed mixed performance overnight and Asian indices traded with caution. Fading hopes around certain geopolitical developments and upcoming economic data contributed to a more........

© International Business Times