The S&P/ASX 200 tumbled 2.9% to close at 8,599 on Monday, hitting its lowest level since December 2025, as escalating tensions in the US–Israeli conflict with Iran dampened global risk appetite and stoked fears of higher oil prices and inflation. A prolonged disruption in the Strait of Hormuz, a key global oil transit chokepoint, could pose supply challenges for Australia. Energy Minister Chris Bowen said the country holds fuel reserves equal to 36 days of petrol, 34 days of diesel, and 32 days of jet fuel, well below the International Energy Agency’s recommended 90 days. Meanwhile, RBA Governor Michele Bullock warned that rising energy prices could unanchor inflation expectations and force interest rates higher. Miners slumped 4.8% to a near two-month low, with BHP Group (-5.1%) leading the losses. Banking stocks also underperformed, falling 2.1% to a near one-month low, with CBA (-1.8%) among the decliners. Meanwhile, energy stocks rose 1.7% to its highest level since July 2024.
Australia's main stock market index, the ASX200, fell to 8679 points on March 9, 2026, losing 1.95% from the previous session. Over the past month, the index has declined 2.13%, though it remains 8.99% higher than a year ago, according to trading on a contract for difference (CFD) that tracks this benchmark index from Australia. Historically, the Australia Stock Market Index reached an all time high of 9202.90 in February of 2026. Australia Stock Market Index - data, forecasts, historical chart - was last updated on March 9 of 2026.
Australia's main stock market index, the ASX200, fell to 8679 points on March 9, 2026, losing 1.95% from the previous session. Over the past month, the index has declined 2.13%, though it remains 8.99% higher than a year ago, according to trading on a contract for difference (CFD) that tracks this benchmark index from Australia. The Australia Stock Market Index is expected to trade at 8519.53 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 7868.27 in 12 months time.