Australian shares slumped 107 points or 1.2% to 8,518 in early Tuesday trade, marking a third straight decline and their weakest level in nearly three weeks. Losses were broad, led by electronic tech, non-energy minerals, utilities, and industrial services. Investors returned from a long weekend amid a sharp drop in U.S. equity futures, even after Wall Street posted gains overnight as the sell-off in tech eased. Sentiment was further clouded by renewed Middle East tensions and caution ahead of China’s trade data later today. Locally, consumer confidence fell 3.5% in June, reversing May’s strength and logging its fourth decline this year, with inflation pressures still the main drag. Still, weakness was capped by solid trade performance in April, with the balance swinging to surplus amid a rebound in exports. Heavyweights BHP Group (-3.0%), Northern Star Resources (-4.9%), and Evolution Mining (-7.3%) were among the worst performers, while the four big banks fell between 1.6% and 2.4%.
Australia's main stock market index, the ASX200, fell to 8579 points on June 9, 2026, losing 0.53% from the previous session. Over the past month, the index has declined 1.41% and is down 0.10% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks this benchmark index from Australia. Historically, the Australia Stock Market Index reached an all time high of 9202.90 in February of 2026. Australia Stock Market Index - data, forecasts, historical chart - was last updated on June 9 of 2026.
Australia's main stock market index, the ASX200, fell to 8579 points on June 9, 2026, losing 0.53% from the previous session. Over the past month, the index has declined 1.41% and is down 0.10% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks this benchmark index from Australia. The Australia Stock Market Index is expected to trade at 8579.79 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 7965.28 in 12 months time.