Australian Shares Extend Losses at Start of New Week

2026-11-09 01:10 By Farida Husna 1 min. read

Australian stocks fell 35 points, or 0.4%, to 8,972 in Monday morning trade, marking the second session of losses amid declines in industrials, financials, and transport.

Sentiment weakened as S&P 500 and Nasdaq futures dropped ahead of key U.S.

inflation data and earnings from major AI companies this week.

Traders also turned cautious before several releases in main trading partner China, including October CPI and PPI later Monday and trade data on Tuesday.

Meanwhile, RBA Deputy Governor Hauser acknowledged that aggressive rate hikes had caused cash-flow pressures for mortgage holders and renters, but warned that allowing inflation to spiral would inflict greater economic pain.

Losses were capped by a confirmed recovery in Australian building approvals for September.

The four major banks fell between 0.7% and 2.8%, while Scentre Group (-3.9%) and Qantas Airways (-2.1%) posted sharp losses.

In contrast, PLS Group (4.2%), Mineral Resources (3.9%), and Lynas Rare Earths (2.9%) advanced.



News Stream
Australian Shares Extend Losses at Start of New Week
Australian stocks fell 35 points, or 0.4%, to 8,972 in Monday morning trade, marking the second session of losses amid declines in industrials, financials, and transport. Sentiment weakened as S&P 500 and Nasdaq futures dropped ahead of key U.S. inflation data and earnings from major AI companies this week. Traders also turned cautious before several releases in main trading partner China, including October CPI and PPI later Monday and trade data on Tuesday. Meanwhile, RBA Deputy Governor Hauser acknowledged that aggressive rate hikes had caused cash-flow pressures for mortgage holders and renters, but warned that allowing inflation to spiral would inflict greater economic pain. Losses were capped by a confirmed recovery in Australian building approvals for September. The four major banks fell between 0.7% and 2.8%, while Scentre Group (-3.9%) and Qantas Airways (-2.1%) posted sharp losses. In contrast, PLS Group (4.2%), Mineral Resources (3.9%), and Lynas Rare Earths (2.9%) advanced.
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