The ASX 200 jumped 90 points, or 1.0%, to finish at 8,807 on Friday, reaching a near five-week high that snapped two days of declines. Stronger U.S. stock futures lifted sentiment as traders rotated out of major tech names into broader sectors. Locally, softer-than-expected labor data in Australia cooled bets on a near-term hike by the Reserve Bank. However, the upside was limited by growing caution ahead of Chinese September activity and Q3 GDP data due next week. Gains were broad, led by tech, healthcare, manufacturing, and commercial services. Heavyweights BHP jumped 3.5% after management and the supervisors' union at the Escondida copper mine in Chile reached a last-minute deal earlier this week, avoiding a strike at the world's largest copper. Gold miners also advanced, boosted by Northern Star Resources (3.3%) and Evolution Mining (3.0%). Other standouts included South32 (3.6%), REA Group (3.1%), and CSL (2.8%). Markets rose 1% for the week, the third straight weekly gain.
Australia's main stock market index, the ASX200, rose to 8807 points on October 16, 2026, gaining 1.00% from the previous session. Over the past month, the index has climbed 0.85%, though it remains 2.10% lower 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 9296.70 in August of 2026. Australia Stock Market Index - data, forecasts, historical chart - was last updated on October 18 of 2026.
Australia's main stock market index, the ASX200, rose to 8807 points on October 16, 2026, gaining 1.00% from the previous session. Over the past month, the index has climbed 0.85%, though it remains 2.10% lower 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 8656.99 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 8110.09 in 12 months time.