Australian shares snap three-day rally as miners drag on Trump’s China tariff plans – Markets

Australian shares halted a three-day rally on Thursday, as uncertainties surrounding US President Donald Trump’s tariff plans weighed on commodity prices and mining stocks, while investors awaited crucial inflation data next week.

The S&P/ASX 200 index declined 0.4% to 8,399.3, as of 2335 GMT.

The benchmark rose 0.3% on Wednesday.

Domestic miners, which occupy nearly a quarter of the…