Stocks in Australia Hit 9-week Low
ASX200 decreased to 8699.00 Index Points, the lowest since July 2026. Over the past 4 weeks, Australia Stock Market Index (AU200) lost 5.46%, and in the last 12 months, it decreased 1.79%.
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ASX200 decreased to 8699.00 Index Points, the lowest since July 2026. Over the past 4 weeks, Australia Stock Market Index (AU200) lost 5.46%, and in the last 12 months, it decreased 1.79%.
Australian stocks fell 150 points, or 1.7%, to 8,761 in early Thursday trade, extending losses for a third session. The drop followed Wall Street’s third straight decline after escalating U.S.-Iran tensions lifted Brent above $100/bbl and pushed U.S. Treasury yields higher ahead of CPI.
U.S. stock futures fell Tuesday, with the Dow, S&P 500 and Nasdaq 100 lower as Brent crude climbed above $99 a barrel and investors awaited Friday’s August CPI report and Apple’s product event Wednesday.
Australia’s S&P/ASX 200 fell below 9,000, dropping 0.4% to 8,979.70 by 0012 GMT as banking and healthcare stocks neared one-week lows. Investors stayed wary of energy-fuelled inflation.
U.S. stock futures advanced Thursday after Wednesday’s higher close, with President Donald Trump saying the market will go up despite Iran war and oil volatility.
Brown-Forman said first-quarter fiscal 2027 results were largely in line with expectations and reaffirmed full-year guidance for flat organic net sales and a 3% to 5% decline in organic operating income.
U.S. stock futures are lower as President Donald Trump announces “Operation Economic Fury” against Iran, lifting geopolitical tensions and pushing Brent crude higher.
Australia’s ASX 200 closed nearly flat at 9,070, with CSL up almost 18% on 2027 growth guidance offset by big four bank declines after sharp home-loan application drops.
Australian shares rise 25 points, or 0.3%, to 9,098 Tuesday morning, reversing weakness from the prior four sessions as selective buying emerges across healthcare, manufacturing, non-energy minerals and consumer non-durables.
Australian stocks drop 0.3% to 9,089 in early trade, extending losses for a fourth straight session to a two-week low, as Wall Street retreats and investors await China data.