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Aussie shares continue lower as rate hike worries weigh
['Jan', 'Jemma Jones', 'Christine Mckee', 'Callum Farquhar', 'Bree Harding']
Shepparton News Feed
The S&P/ASX200 fell 71.9 points by midday, down 0.8 per cent, to 8,862, as the broader All Ordinaries lost 80.1 points, or 0.88 per cent, to 9,169.5.
Coal producers were mixed and uranium stocks edged higher but appeared to be running out of steam after rallying from mid-January.
Mixed miners, battery mineral producers and rare earths stocks were under pressure, with the exception of South32, which carved a 0.3 per cent lift.
The heavyweight financials sector gave up 0.6 per cent as all big four banks edged lower, while insurers were mixed after fading on Wednesday.
Fellow supermarket giant Coles slipped 0.8 per cent to $20.81 as it acknowledged a class action had been filed against it over accusations of missed worker entitlements.