Australian shares slipped 55 points or 0.6% to 8,956 in early Tuesday trade, extending weakness from the prior muted session. Sentiment was pressured by a sharp fall in U.S. futures as Wall Street prepared for a shortened week against the backdrop of the Middle East war and rising trade frictions between Canada and the U.S. Locally, consumer confidence dropped in September for the first time since June, hit by higher fuel costs and renewed fears of further rate hikes. Traders also grew cautious ahead of China’s August trade data due later today. Losses were led by tech services, financials, retail, and transport, though gains in non-energy minerals and consumer durables helped cushion declines. The big four banks fell between 0.7% and 1.4%, while BHP Group (-0.6%), Fortescue (-1.6%), and Bluescope Steel (-5.5%) underperformed. In contrast, Greatland Resources rose 1.1% and AMP Ltd. added 0.6%.
Australia's main stock market index, the ASX200, fell to 8875 points on September 8, 2026, losing 1.50% from the previous session. Over the past month, the index has declined 3.87%, though it remains 0.82% 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 9296.70 in August of 2026. Australia Stock Market Index - data, forecasts, historical chart - was last updated on September 8 of 2026.
Australia's main stock market index, the ASX200, fell to 8875 points on September 8, 2026, losing 1.50% from the previous session. Over the past month, the index has declined 3.87%, though it remains 0.82% 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 8955.12 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 8296.24 in 12 months time.