Australian Equities Slip Further but Heads for 3rd Weekly Gain

2026-11-13 00:46 By Farida Husna 1 min. read

Australian stocks fell 73 points, or 0.8%, to 9,074 in Friday morning trade, extending prior losses amid broad-based declines, led by logistics, tech, and non-energy minerals.

Caution prevailed ahead of next week's October labor data after unemployment stayed near a five-year high in September as employment eased.

Higher borrowing costs in both the U.S.

and Australia also dampened appetite for risk assets.

A negative lead from Wall Street overnight added to the pressure after the fallout from Nvidia’s leadership upheaval.

SGH Ltd. (-3.2%), Codan Ltd. (-2.5%), and Qantas Airways (-1.9%) were among major laggards.

The big four banks lost 0.1–0.6%, while BHP Group slipped 0.7% on weaker iron ore prices and a stronger U.S.

dollar.

Still, the ASX 200 remained on track for a third straight weekly gain, up around 0.7% so far, lifted by sustained buying interest and signs of stronger policy support from top trading partner China to bolster domestic demand amid domestic and external headwinds.



News Stream
Australian Equities Slip Further but Heads for 3rd Weekly Gain
Australian stocks fell 73 points, or 0.8%, to 9,074 in Friday morning trade, extending prior losses amid broad-based declines, led by logistics, tech, and non-energy minerals. Caution prevailed ahead of next week's October labor data after unemployment stayed near a five-year high in September as employment eased. Higher borrowing costs in both the U.S. and Australia also dampened appetite for risk assets. A negative lead from Wall Street overnight added to the pressure after the fallout from Nvidia’s leadership upheaval. SGH Ltd. (-3.2%), Codan Ltd. (-2.5%), and Qantas Airways (-1.9%) were among major laggards. The big four banks lost 0.1–0.6%, while BHP Group slipped 0.7% on weaker iron ore prices and a stronger U.S. dollar. Still, the ASX 200 remained on track for a third straight weekly gain, up around 0.7% so far, lifted by sustained buying interest and signs of stronger policy support from top trading partner China to bolster domestic demand amid domestic and external headwinds.
2026-11-13
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