Monday 9th February 2026
Daily Market Update: 09 February 2026
Australian market sentiment steadies
The Australian share market showed signs of stabilisation following a sharp rebound in US equities, as easing concerns around forced deleveraging and near-term artificial intelligence disruption supported risk appetite. Investors continued to reassess positioning after recent volatility in the S&P/ASX 200 Index (ASX: XJO), with caution persisting around elevated valuations, commodity price swings and earnings sustainability tied to artificial intelligence and technology-linked exposures.
Australian sector and stock positioning
Local sector focus remained on potential rotation toward value and economically sensitive stocks. Financials, industrials and resources were monitored closely as investors weighed global growth resilience against recent market dislocation, while technology stocks remained selectively targeted following earlier weakness in names such as WiseTech Global Limited (ASX: WTC), NextDC Limited (ASX: NXT) and Technology One Limited (ASX: TNE), reflecting ongoing scrutiny of artificial intelligence-related capital expenditure returns.
Global markets rebound sharply
Global equities surged on Friday as US markets staged a broad-based snapback. The Dow Jones Industrial Average (INDEXDJX: DJI) closed at a record high, rising 2.5 per cent, while the S&P 500 Index (INDEXSP: GSPC) gained 1.9 per cent and the Nasdaq Composite Index (INDEXNASDAQ: IXIC) advanced 2.1 per cent. Semiconductor stocks led the rebound, with NVIDIA Corporation (NASDAQ: NVDA), Broadcom Inc. (NASDAQ: AVGO) and Advanced Micro Devices Inc. (NASDAQ: AMD) jumping more than 7 per cent each, while cyclicals such as Caterpillar Inc. (NYSE: CAT) and Goldman Sachs Group Inc. (NYSE: GS) outperformed. Despite the rally, the Nasdaq still ended the week down 1.9 per cent, reflecting lingering concerns over valuations, heavy artificial intelligence capital expenditure and execution risk, with Amazon.com Inc. (NASDAQ: AMZN) extending weekly losses after reaffirming plans for $200 billion in artificial intelligence investment.
| Australian Indices | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| ASX 200 | -2.1 | -1.8 | 0.3 | -0.9 | 5.7 |
| Financials | -1.5 | 3.0 | 3.1 | -3.4 | 7.0 |
| Resources | -2.8 | -1.5 | 4.7 | 16.7 | 38.1 |
| Information Technology | -6.2 | -11.0 | -16.1 | -27.7 | -30.5 |
| Global Indices | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| US 500 | 2.0 | -1.3 | -5.2 | -5.7 | 14.2 |
| Europe | -0.8 | 0.0 | -1.4 | 2.4 | 18.6 |
| Japan | 1.3 | 1.2 | -0.7 | -0.4 | 18.7 |
| China top 50 | 0.0 | -2.1 | -6.1 | -9.5 | 9.7 |
| India top 50 | -1.1 | 3.6 | -4.9 | -8.1 | -6.1 |
| Fixed Interest | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| Australian Treasury Bond | 0.1 | 0.0 | 0.0 | -1.5 | 1.8 |
| Australian Corporate Bond | 0.1 | -0.1 | 0.2 | -1.2 | 2.7 |
| US Treasury | 0.4 | 0.5 | 0.2 | 0.8 | 4.8 |
| Cash | 0.0 | 0.1 | 0.3 | 0.9 | 3.9 |
| Commodities & Crypto | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| Gold | -0.6 | -2.0 | 4.5 | 13.1 | 51.5 |
| Silver | -4.9 | -23.1 | -2.9 | 50.3 | 118.9 |
| Crude Oil | 0.2 | -3.0 | 11.2 | 7.8 | 0.1 |
| Bitcoin | -7.5 | -17.1 | -29.6 | -37.9 | -37.8 |
