SYDNEY, April 27 (Xinhua) -- The Australian market opened slightly lower on Thursday, despite U.S. President Donald Trump's tax reform announcements.
At 10:40 (AEST), the benchmark S&P/ASX 200 index was down 2.30 points or 0.04 percent, sitting at 5,908.40. The broader All Ordinaries index was also down 3.70 points or 0.06 percent at 5,933.00
"Today is a fairly flat, quiet day. Trump's tax reforms were met with a muted response, which isn't that surprising," IG market analyst Evan Lucas told Xinhua.
"There are big questions. The market didn't get overly excited last night as there is still a lot of debate and finer details to be worked out about the reforms, which is why the market pretty much ignored it."
Australia's major banks all saw increases and continued their steady rise.
The Commonwealth Bank of Australia lifted 0.28 percent, ANZ rose 0.31 percent, Westpac was up by 0.58 percent and the National Australia Bank saw gains of 0.57 percent.
In mining, Rio Tinto fell 0.41 percent, BHP lost 0.25 percent, Fortescue also down 0.84 percent while Newcrest dropped 2.05 percent.
Oil and gas had mixed results.
Santos remained flat at 0.00 percent, Woodside Petroleum lost 0.74 percent and Oil Search made strong gains at 0.75 percent.
Wesfarmers slid 0.50 percent and Woolworths fell 0.48 percent.
Qantas soared 2.99 percent and Telstra dipped 0.59 percent.
