Australian shares fell Monday after Beijing's latest stimulus lacked the infusion of money into the market that some investors expected amid the threat of tariffs from the incoming Trump presidency.
The S&P/ASX 200 Index fell 0.4% or 28.90 points to close at 8,266.20.
The stimulus disappointment overshadowed what should have been a positive lead from Wall Street, Reuters said.
On the domestic front, the Reserve Bank of Australia opened its public consultation on Project Acacia, which aims to assess the benefits of central bank digital currency for the wholesale market.
In company news, Incitec Pivot (ASX:IPL) reported a loss of AU$0.161 per share for the year ended Sept.30, compared with earnings of AU$0.288 in the same period last year. The company's shares finished marginally higher.
Meanwhile, Resolute Mining (ASX: RSG) confirmed that Chief Executive Terence Holohan and two other employees are being detained by the Mali government after their talks with mining and tax authorities over the company's business practices in the country. The company's shares plummeted almost 33% at market close.
Lastly, more than 1,500 warehouse workers are threatening to disrupt work at Woolworth Group's (ASX:WOW) distribution centers as talks about pay increase have reached an impasse. The retailer's shares closed down more than 1%.
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