October 2025

The Australian share market dipped on Friday as investors turned cautious ahead of next week’s high-stakes meeting between US President Donald Trump and China’s Xi Jinping, while renewed trade tensions with Canada added to uncertainty. The S&P/ASX 200 slipped 0.2% or 13.7 points to 9019.1 in afternoon trade, though remained up 0.2% for the week after setting a record high earlier.

The Australian sharemarket edged higher on Thursday, buoyed by a strong rebound in energy stocks as oil prices spiked following fresh U.S. sanctions on major Russian producers. The S&P/ASX 200 gained 0.1 per cent to 9039 by mid-afternoon, recovering from earlier losses driven by weakness in technology shares.

The Australian sharemarket retreated from record highs on Wednesday as a sharp correction in precious metals triggered a broad sell-off in mining stocks. The S&P/ASX 200 fell 0.9 per cent, or 85.1 points, to 9009 by mid-afternoon, reversing gains from the previous session’s rally sparked by Australia’s critical minerals deal with the United States.

Australia’s sharemarket climbed to fresh record highs on Tuesday, powered by a rally in mining stocks after a landmark critical minerals funding deal between the US and Australia. The S&P/ASX 200 rose 0.8 per cent to 9103.6, after touching an intraday peak of 9115.2.

The Australian sharemarket recovered from a weak open on Monday, tracking gains on Wall Street as traders digested fresh Chinese economic data and awaited key US-Australia talks. The S&P/ASX 200 rose 0.1 per cent to 9005.9 at 2pm AEDT, reversing early losses after touching record highs above 9100 last week.