Australian shares fell 37 points, or 0.4%, to 8,756 in Friday morning trade, marking a fourth straight decline and tracking Wall Street’s Thursday losses as hopes for a swift resolution to the Middle East war faded. Iran vowed to keep the Strait of Hormuz closed while U.S. port blockades remain, intensifying geopolitical strain. For the week, the local market is down around 2% so far, set for a second consecutive weekly loss. Inflation pressures, already above the Reserve Bank’s target before hostilities erupted, have reinforced expectations of further rate hikes at the May meeting, with March inflation data due next week in focus. Sector losses were broad, led by commercial services, financials, and non-energy minerals. Fortescue slipped 2.9% after saying guidance for FY 2026 total mining shipments remained unchanged. Other notable decliners included Northern Star Resources (-2.3%), Qantas Airways (-1.9%), Sigma Healthcare (-1.1%), and BHP Group (-0.5%).
Australia's main stock market index, the ASX200, fell to 8705 points on April 24, 2026, losing 1.00% from the previous session. Over the past month, the index has climbed 2.00% and is up 8.86% 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 April 24 of 2026.
Australia's main stock market index, the ASX200, fell to 8705 points on April 24, 2026, losing 1.00% from the previous session. Over the past month, the index has climbed 2.00% and is up 8.86% 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 8809.74 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 8289.30 in 12 months time.