The S&P/ASX 200 slipped 0.6% to 8,910 on Tuesday, pulling back from a record high in the previous session and ending a three-day winning streak, as corporate earnings continued to unfold amid developments in Russia-Ukraine peace talks. CSL Limited plunged 10.1%, marking its sharpest intraday decline since November 2008, after reporting a rise in full-year net profit but announcing plans to cut up to 15% of its workforce as part of a restructuring effort. Moreover, Woodside Energy fell 0.8% following a drop in first-half profits, driven by lower average realised prices. In contrast, BHP rose 0.6% after reporting an increase in annual profit. On the global front, US President Trump urged Russian President Putin to prepare for a summit with Ukrainian President Zelenskiy in a bid to end the three-year Russia-Ukraine conflict. Domestically, the Westpac-Melbourne Institute Consumer Sentiment Index climbed 5.7% month-on-month to a more than three-year high of 98.5 in August 2025.