The S&P/ASX 200 fell 0.4% to close at a one-week low of 8,783 on Wednesday, marking its third straight session of losses, as banking stocks declined on prolonged rate worries, while miners hit a record closing high. Financials dropped 1.6% to a one-month low, with top lender Commonwealth Bank hitting its lowest level since April last year. The sector has fallen nearly 3.5% so far this month amid concerns that higher interest rates will continue to pressure margins ahead of earnings season. Attention now turns to Thursday’s local jobs report and next week’s inflation data ahead of the RBA’s February 3 meeting. Meanwhile, miners rose to a record high, marking its eighth record close this month, led by Rio Tinto’s 2.6% gain on stronger-than-expected Q4 iron ore and copper output. Gold miners also extended their record run to a third session, supported by stronger demand for safe-haven metals amid global risks. Evolution Mining hit an all-time high after reporting higher Q2 production.
Related Articles
Check Also
Close
-
Zinc Rises to 1-Month HighApril 8, 2026
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 Market





