S&P 500 — US Large Cap Index
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 MarketThe S&P/ASX 200 dropped 2% to close at 8,708 on Friday, touching a one-month low, as broad-based sector losses followed a global stock market rout driven by concerns over heavy AI-related spending. The index also posted a 1.8% drop for the week, its largest weekly decline since November 2025, after the Reserve Bank of Australia cut rates in February and signalled further easing this year. Local technology stocks tumbled 3.4% to a more than two-year low, weighed down by hefty capital expenditure plans from US tech giants. Sector leaders Wisetech Global and Technology One fell around 5% each. Resource-linked shares also fell, as gold miners slid 3.2%, dragging the broader mining sector down 2.7% amid ongoing weakness in base metals. Heavyweight miners BHP and Fortescue declined 3.1% and 1.2%, respectively. Meanwhile, merger talks between Rio Tinto and Glencore ended after the companies failed to agree on valuation, scrapping a deal that would have created the world’s largest mining firm.
