ASX 200 Down Slightly from 11-Week High at Finish

2026-11-12 06:00 By Farida Husna 1 min. read

The ASX 200 edged lower to close at 9,147 on Thursday, ending gains from the prior three sessions as tech, non-energy minerals, and healthcare fell.

Sentiment weakened as S&P 500 and Nasdaq futures fell amid reports that Nvidia's board was preparing to oust CEO Jensen Huang.

The index fell from an 11-week high amid profit-taking and persistently elevated inflation expectations in Australia despite five rate hikes since early 2026.

Policymakers have warned that inflation could prove more persistent than anticipated, due to higher fuel prices and broader cost pressures.

Still, losses were limited after China's central bank pledged stronger counter-cyclical support, a boost to domestic demand, and improved supply.

Major miners BHP and Rio Tinto slid 1.2% and 2.1%, respectively, while gold stocks also declined, led by Northern Star Resources (-2.2%) and Evolution Mining (-4.2%).

Mineral Resources (-5.2%) and Lynas Rare Earths (-4.2%) also lagged.

Among the four big banks, ANZ dipped 1.0%.



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ASX 200 Down Slightly from 11-Week High at Finish
The ASX 200 edged lower to close at 9,147 on Thursday, ending gains from the prior three sessions as tech, non-energy minerals, and healthcare fell. Sentiment weakened as S&P 500 and Nasdaq futures fell amid reports that Nvidia's board was preparing to oust CEO Jensen Huang. The index fell from an 11-week high amid profit-taking and persistently elevated inflation expectations in Australia despite five rate hikes since early 2026. Policymakers have warned that inflation could prove more persistent than anticipated, due to higher fuel prices and broader cost pressures. Still, losses were limited after China's central bank pledged stronger counter-cyclical support, a boost to domestic demand, and improved supply. Major miners BHP and Rio Tinto slid 1.2% and 2.1%, respectively, while gold stocks also declined, led by Northern Star Resources (-2.2%) and Evolution Mining (-4.2%). Mineral Resources (-5.2%) and Lynas Rare Earths (-4.2%) also lagged. Among the four big banks, ANZ dipped 1.0%.
2026-11-12
Australian Stocks Slip from 11-Week Peak
Australian shares fell 40 points, or 0.4%, to 9,114 in early Thursday trading, ending a three-session run of strength and retreating from an 11-week high as traders booked profits. Sentiment weakened as U.S. equity futures fell amid turmoil at Nvidia, where reports of a possible leadership shake-up involving CEO Jensen Huang rattled the AI sector. Locally, weak Q3 lending indicators and consumer inflation expectations holding at a four-month high also weighed. Still, losses were capped by China's trade surplus exceeding USD 1 trillion for a second consecutive year in the first ten months of 2026, supported by strong AI-related demand. Tech, non-energy minerals, and consumer services led declines, while logistics, financials, and healthcare offered some support. Aristocrat Leisure (-5.9%), Genesis Minerals (-4.5%), and PLS Group (-3.4%) led losses. Meantime, BHP fell 1.2%, and Rio Tinto lost 1.4%. Among major banks, ANZ lost 2.0%, while CBA and Westpac rose 1.6% and 1.3%, respectively.
2026-11-12
ASX 200 Closes Higher as Markets Recover from Sluggish Start
The ASX 200 added 24 points, or 0.3%, to finish at 9,153 on Wednesday, extending gains for a third session while hovering near an 11-week high. The index rebounded from a sluggish start, helped by stronger U.S. stock futures after Wall Street losses Tuesday following hot U.S. inflation data that reinforced bets for a December Fed rate hike. Sentiment also drew support from China, Australia's largest trading partner, where the trade surplus surpassed USD 1 trillion in the first 10 months of 2026 for a second straight year, buoyed by strong demand for AI-related products despite weak domestic consumption. Markets looked past Australia's weak Q3 lending indicator, which reflected the impact of elevated borrowing costs. Industrial services, manufacturing, and utilities led gains, offsetting weakness in commercial services and consumer durables. BHP Group (1.0%) and Rio Tinto (0.4%) reversed early losses. Tech stocks also advanced, led by WiseTech Global (3.0%) and Xero Ltd. (2.0%).
2026-11-11