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News 2026-10-06 04:20 UTC

Australia consumer sentiment plunges 4.7% to 80.4 in October

Consumer discretionary stocks pared gains to trade 0.6% higher after rising as much as 1.1% by Sydney noon, matching the benchmark ASX 200 index. Citi said sentiment sank to 67.2 after the RBA decision from 86.9 prior, highlighting leveraged households’ vulnerability to rising borrowing costs, compounded by record capi