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S&P 500 — US Large Cap Index
NASDAQ 100 — Tech Growth Index
Dow Jones — Industrial Average
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
MarketsStocks

Australian Shares Drop After RBA Minutes

The S&P/ASX 200 fell 0.5% to around 8,754 on Wednesday, reversing gains after reaching its highest level in over a month, following the Reserve Bank of Australia’s December meeting minutes. The minutes showed policymakers weighing a potential 2026 rate hike, while RBA Governor Bullock signaled a hawkish stance, warning hikes may be needed if inflation persists. Financials weighed on the index, with Commonwealth Bank of Australia (-0.6%), Westpac Banking Corporation (-0.7%), National Australia Bank (-0.7%), and ANZ Banking Group (-1.0%) posting losses amid stretched valuations and potential pressure from higher interest rates. Technology shares also retreated, with Xero down 2.0% and WiseTech Global slipping 0.2%. Meanwhile, mining stocks provided support on firmer commodity prices, with Rio Tinto (0.9%) and BHP Group (0.1%) benefiting from record-high copper and gold prices. Trading activity remained subdued ahead of the Christmas holiday.

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