The Australian stock index fell by 0.6%, with financial stocks leading the decline.

The Australian S&P/ASX200 index fell for the second consecutive day, dropping by 0.6% to 8,565.20 points, marking the largest decline since a 1.6% drop on November 21. The Commonwealth Bank of Australia was the biggest drag on the index, falling by 0.6%. Aub Group Ltd. saw the biggest decline, dropping by 17.8%. Out of the 200 constituent stocks today, 139 fell and 52 rose; out of the 11 sectors, 8 fell, with financial stocks leading the decline.