Commonwealth Bank of Australia Stock Price Falls 1.8% as CBA Lags ASX 200 Rebound
Commonwealth Bank of Australia shares fell 1.8% to A$171.12, underperforming a market that closed 0.16% higher. Investors trimmed bets on further Reserve Bank of Australia rate hikes after consumer confidence hit a record low and inflation expectations rose. Brent crude hovered just above $100 a barrel as tensions in the Middle East kept the Strait of Hormuz mostly closed.