ASX 200 Tumbles 2% at Close

2026-10-01 06:54 By Farida Husna 1 min. read

The ASX 200 plunged 175 points, or 2.0%, on Thursday, its steepest one-day fall since early March, finishing at 8,614, the lowest since mid-June.

Australian markets snapped a three-session winning streak as sentiment soured on surging U.S.

Treasury yields, sticky inflation, and renewed fears of further tightening by the Reserve Bank.

Analysts also cautioned that continued hikes could trigger the country’s worst property slump in three decades.

Trade data also weighed, with August’s surplus shrinking to a three-month low as imports outpaced exports.

Still, stronger U.S.

stock futures capped further weakness, as traders await Friday's U.S.

monthly job reports.

Heavy selling gripped markets, driven by energy minerals, logistics, transport, and financials.

The big four banks fell between 0.9% and 3.3%, while Northern Star Resources (-4.1%), CSL (-3.3%), and Woodside Energy (-3.1%) also posted sharp falls.

Suncorp Group tumbled 7.4% after denying takeover talks with Japan’s Tokio Marine.



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ASX 200 Tumbles 2% at Close
The ASX 200 plunged 175 points, or 2.0%, on Thursday, its steepest one-day fall since early March, finishing at 8,614, the lowest since mid-June. Australian markets snapped a three-session winning streak as sentiment soured on surging U.S. Treasury yields, sticky inflation, and renewed fears of further tightening by the Reserve Bank. Analysts also cautioned that continued hikes could trigger the country’s worst property slump in three decades. Trade data also weighed, with August’s surplus shrinking to a three-month low as imports outpaced exports. Still, stronger U.S. stock futures capped further weakness, as traders await Friday's U.S. monthly job reports. Heavy selling gripped markets, driven by energy minerals, logistics, transport, and financials. The big four banks fell between 0.9% and 3.3%, while Northern Star Resources (-4.1%), CSL (-3.3%), and Woodside Energy (-3.1%) also posted sharp falls. Suncorp Group tumbled 7.4% after denying takeover talks with Japan’s Tokio Marine.
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