ASX 200 Slips 0.33% Amid Financial Sector Weighing Down Index

The Australian stock market experienced a pullback on Monday as the S&P/ASX 200 index declined 0.33% to close at 9,232.60.

Financials weighed heavily on the index, falling 2.27%, while seven sectors managed to finish higher.

The Reserve Bank of Australia's interest-rate decision is set for Tuesday, and most economists expect rates to remain unchanged despite lingering domestic inflation pressures.

Meanwhile, US President Donald Trump stated that Washington is adopting a lower-key stance towards Iran, relying on economic pressure rather than signaling another major military offensive.