Australian Shares Slump to 10-Month Low

2026-03-23 00:29 By Czyrill Jean Coloma 1 min. read

The S&P/ASX 200 fell 1.7% to 8,285 on Monday, extending losses from the previous week and hitting its lowest level since May 2025, as intensifying geopolitical tensions continued to rattle market sentiment.

Tensions in the Middle East persisted after US President Trump threatened to strike Iranian power facilities if the Strait of Hormuz remains closed, while Tehran responded with warnings that it would target key US and Israeli assets.

Domestically, investors are awaiting Wednesday’s inflation report, with headline inflation expected to hold steady at 3.8%.

The data follows the RBA’s narrowly split decision to raise the cash rate to 4.1%, marking a back-to-back hike for the first time since mid-2023 and reversing two of last year’s three cuts, as the central bank seeks to curb persistent inflation.

Mining stocks led losses, particularly BHP Group (-2.7%) and Rio Tinto (-2.8%).

Gold producers also underperformed, led by Newmont Corporation (-5.8%) and Northern Star Resources (-5.7%).



News Stream
Australian Shares Slump to 10-Month Low
The S&P/ASX 200 fell 1.7% to 8,285 on Monday, extending losses from the previous week and hitting its lowest level since May 2025, as intensifying geopolitical tensions continued to rattle market sentiment. Tensions in the Middle East persisted after US President Trump threatened to strike Iranian power facilities if the Strait of Hormuz remains closed, while Tehran responded with warnings that it would target key US and Israeli assets. Domestically, investors are awaiting Wednesday’s inflation report, with headline inflation expected to hold steady at 3.8%. The data follows the RBA’s narrowly split decision to raise the cash rate to 4.1%, marking a back-to-back hike for the first time since mid-2023 and reversing two of last year’s three cuts, as the central bank seeks to curb persistent inflation. Mining stocks led losses, particularly BHP Group (-2.7%) and Rio Tinto (-2.8%). Gold producers also underperformed, led by Newmont Corporation (-5.8%) and Northern Star Resources (-5.7%).
2026-03-23
Australian Shares Post 3rd Weekly Drop
The S&P/ASX 200 fell 0.8% to close at 8,428 on Friday, marking a fresh four-month low and a 2.2% weekly decline, its third straight loss as weakness in banks and miners weighed on the market. The heavyweight mining sector slid 1.5%, as iron ore, aluminium, and copper prices tumbled. Shares of mining giants BHP Group and Rio Tinto fell 1.8% and 2.9%, respectively. Gold stocks also came under heavy pressure as bullion extended its losing streak amid inflation concerns tied to the Middle East conflict, leaving the sector down 11.5% for the week. Additionally, banking stocks ended 1.1% lower, with the four top lenders trading in the red. Bucking the trend, energy stocks rose 0.7% to their highest level since February 2024, tracking gains in oil prices after Iran launched attacks on Middle Eastern energy infrastructure. Meanwhile, European nations and Japan signaled support for securing shipping through the Strait of Hormuz, while the US outlined measures to boost oil supply.
2026-03-20
Stocks in Australia Hit 17-week Low
ASX200 decreased to 8425.00 Index Points, the lowest since November 2025. Over the past 4 weeks, Australia Stock Market Index (AU200) lost 6.6%, and in the last 12 months, it increased 6.29%.
2026-03-20