ASX 200 Rises Further, Ends at Over 5-Week High

2026-10-19 06:03 By Farida Husna 1 min. read

Australia's ASX 200 added 39 points, or 0.4%, to close at 8,846 on Monday, extending prior gains and marking its highest level in more than five weeks, as stronger U.S.

stock futures lifted sentiment ahead of more earnings reports.

Meanwhile, oil eased from a five-month top as Middle East clashes were weighed against steady supply.

In top trading partner China, Q3 GDP growth topped forecasts, aided by policy easing and resilient exports.

Locally, RBA Assistant Governor Kent flagged firm business credit but softer household demand, questioning if rates are tight enough after September’s hike.

Energy minerals, industrial services, and financials led gains, while weakness in tech and commercial services capped upside.

The big four banks rose between 0.7%–1.5%, while BHP and Rio Tinto rebounded from early losses.

Other notable movers included Yancoal (5.7%) and Nextdc (3.6%).

Challenger surged 19.3% after TAL Dai-ichi Life reportedly made a non-binding takeover bid at AUD 11.80 per share.



News Stream
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