Australian Shares Fall Sharply, Snapping Three-Session Win Streak as Wall Street Slips

Australia's S&P/ASX 200 dropped toward the 8,650 level on Thursday, ending a three-session winning streak after broadly negative cues from Wall Street overnight. Mining, financial and technology stocks led the declines, weighing on the benchmark index. No specific company or sector-level figures were disclosed in the initial report. The pullback reflects spillover selling from US markets, where major indices closed lower in the prior session.