The S&P/ASX 200 rose 0.4% to close at 8,614 on Tuesday, snapping a three-session losing streak even as the Reserve Bank of Australia delivered its second straight month of rate hikes. The central bank’s nine-member policy committee voted 5–4 to lift the cash rate by 25 bps to 4.1% from 3.85%, marking back-to-back rate hikes since mid-2023 and reversing two of last year’s three cuts. The RBA signaled growing unease that inflation, still running above its 2–3% target band, may remain elevated for “some time.” Officials pointed in particular to escalating tensions in the Middle East as a key source of upside risk, warning that further increases in global energy and commodity prices could feed through to domestic inflation. Banking stocks were among the gainers, with Commonwealth Bank of Australia, National Australia Bank, Westpac Banking Corporation, and ANZ Group rising between 0.4% and 1.1%, while miners, including BHP Group, Rio Tinto, and Fortescue, advanced 0.2% to 1.1%.
Australia's main stock market index, the ASX200, rose to 8600 points on March 17, 2026, gaining 0.19% from the previous session. Over the past month, the index has declined 4.52%, though it remains 9.41% 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 March 17 of 2026.
Australia's main stock market index, the ASX200, rose to 8600 points on March 17, 2026, gaining 0.19% from the previous session. Over the past month, the index has declined 4.52%, though it remains 9.41% 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 8582.92 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 7915.67 in 12 months time.