The ASX 200 tumbled 125 points or 1.4% to end at 8,593 on Thursday, reversing strength in the prior session and marking a one-week low. Sentiment was hit by fresh data showing Australia's household spending fell for the first time in four months in April, highlighting the impact of the RBA’s three interest rate hikes since the start of 2026. Meanwhile, U.S. stock futures moved lower, as news of a fresh US military strike in Iran challenged investor optimism on a near-term peace deal. Still, a solid rebound in Q1 capital expenditure helped limit losses, mainly lifted by stronger spending on plant machinery. In addition, softer-than-expected April inflation eased concerns that the RBA could maintain a tightening bias. Losses were broadly spread, led by falls in mining, consumer, financial, and healthcare stocks. The four major banks dropped between 1.4% and 2.2%. Other notable laggards included BHP Group (-1.3%), Northern Star Resources (-7.4%), and Evolution Mining (-7.3%).
Australia's main stock market index, the ASX200, fell to 8617 points on May 28, 2026, losing 1.16% from the previous session. Over the past month, the index has declined 0.81%, though it remains 2.46% higher than a year ago, 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 May 28 of 2026.
Australia's main stock market index, the ASX200, fell to 8617 points on May 28, 2026, losing 1.16% from the previous session. Over the past month, the index has declined 0.81%, though it remains 2.46% higher than a year ago, 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 8587.92 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 8020.71 in 12 months time.