Friday 9th October 2026
Daily Market Update: 9 October 2026
Miners and banks drag the ASX lower for a second day
The Australian sharemarket fell for a second straight session on Thursday, tracking Wall Street losses as an overnight spike in European bond yields stoked fears of broader contagion. The benchmark S&P/ASX 200 (INDEXASX: XJO) shed 66.8 points, or 0.8%, to 8660.9, and while six of the 11 sectors finished higher, the mining sector and the major banks dragged the bourse lower. Materials closed down 2%, with BHP Group Limited (ASX: BHP) off 2% to $61.19 and Rio Tinto Limited (ASX: RIO) down 2.9% to $161.97, while the big four banks each fell at least 1.5%.
Defensive buying lifts energy and staples as Maas Group slumps
On the other side of the market, energy stocks rallied 1.4%, led by Woodside Energy Group Limited (ASX: WDS) (up 2.6% to $32.31) and Santos Limited (ASX: STO) (up 1.5% to $8.67), while consumer staples also gained 1.4% as Coles Group Limited (ASX: COL) and Woolworths Group Limited (ASX: WOW) climbed. Among stocks in focus, MAAS Group Holdings Limited (ASX: MGH) dived 22.4% to $4.96 on doubts over the planned listing of Firmus, in which it holds a 3.2% stake; Lovisa Holdings Limited (ASX: LOV) fell 9.2% to $22.44 after its chief financial officer resigned without a named successor; Fortescue Ltd (ASX: FMG) slipped 1.4% to $15.80 after quarterly iron ore sales lagged shipments; and Elevra Lithium Limited (ASX: ELV) dipped 4% to $4.99 despite a binding spodumene supply deal with LG Energy Solution, Ltd. (KRX: 373220).
Bond yields spike and Wall Street falls on an OpenAI revenue report
Offshore, US bond yields held steady after a well-received 10-year note sale, but European yields jumped on debt concerns, led by France’s 10-year up 12 basis points to 4.86%, with Italian yields and UK gilts also higher. Oil rose 2% to $US102.33 a barrel on Middle East supply worries, while bitcoin fell and bullion touched a nine-week low. The S&P 500 (INDEXSP: .INX) fell 0.5% and the Nasdaq slipped 1.4%, while the Dow Jones Industrial Average (INDEXDJX: .DJI) closed 52 points higher. Chipmakers led the retreat, with NVIDIA Corporation (NASDAQ: NVDA) down 2.9% alongside falls in Broadcom Inc. (NASDAQ: AVGO) and Micron Technology, Inc. (NASDAQ: MU), while hyperscalers Alphabet Inc. (NASDAQ: GOOGL), Microsoft Corporation (NASDAQ: MSFT) and Oracle Corporation (NYSE: ORCL) also closed lower.
| Australian Indices | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| ASX 200 | -0.8 | -0.8 | -4.0 | -1.6 | -1.6 |
| Financials | -1.0 | 1.2 | -1.3 | -3.8 | -2.3 |
| Resources | -0.8 | 2.2 | -3.9 | 9.1 | 27.7 |
| Information Technology | -0.2 | -0.9 | -3.2 | -8.0 | -33.6 |
| Global Indices | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| US 500 | -0.5 | 1.2 | 5.5 | 3.8 | 10.2 |
| Europe | -0.5 | -0.5 | -3.0 | -3.2 | 2.9 |
| Japan | -0.8 | -0.3 | 4.5 | 6.7 | 18.6 |
| China top 50 | 0.6 | -2.3 | -0.7 | -1.4 | -21.6 |
| India top 50 | -1.5 | -0.3 | -2.2 | -5.5 | -19.8 |
| Fixed Interest | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| Australian Treasury Bond | -0.6 | -0.5 | -1.3 | -1.9 | -1.9 |
| Australian Corporate Bond | -1.3 | -0.7 | -1.4 | -2.0 | -1.5 |
| US Treasury | 0.2 | 0.1 | -2.2 | -2.4 | -2.1 |
| Cash | -0.4 | -0.4 | -0.1 | 0.7 | 3.7 |
| Commodities & Crypto | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| Gold | 0.1 | -2.2 | -3.6 | -0.2 | -4.3 |
| Silver | -0.8 | -2.0 | -5.6 | 1.9 | 13.4 |
| Crude Oil | 0.0 | -4.9 | -1.1 | 28.0 | 86.3 |
| Bitcoin | -1.8 | -2.3 | 9.3 | 32.3 | -36.2 |
