ASX slumps despite AI rebound on Wall Street; NAB and BHP shares decline

The Sydney Morning Herald - Oct 19, 2026

The Australian sharemarket opened sharply lower on Tuesday, with miners leading the losses and only tech stocks in the green as they tracked a rebound in AI stocks on Wall Street.

Read full article

More News

Vietjet’s domestic ambitions dealt a blow after court orders global asset freeze
Oct 19, 2026

Vietjet’s domestic ambitions dealt a blow after court orders global asset freeze

The order comes after a long-running battle with an investment firm seeking back payment for the use of four planes by the airline.

Nightmare on Wall Street: The AI alarm bells are ringing louder
Oct 19, 2026

Nightmare on Wall Street: The AI alarm bells are ringing louder

The implosion in the share price of one neocloud company has highlighted just how vulnerable Wall Street is.

Lachlan treasure chest draws fresh wave of NSW mining hopefuls
Oct 19, 2026

Lachlan treasure chest draws fresh wave of NSW mining hopefuls

NSW’s Lachlan Fold Belt is back in the junior explorer spotlight, with a string of newcomers chasing the next big copper-gold discovery, including recent stalwart Kuniko Limited.

ASX creeps higher after dodging AI volatility; energy shares jump
Oct 19, 2026

ASX creeps higher after dodging AI volatility; energy shares jump

The Australian sharemarket has made a bright start to the week, as a rebound in the local banks continues.

The ‘Ozempic face’ discovery that revived a fading giant
Oct 19, 2026

The ‘Ozempic face’ discovery that revived a fading giant

A surprise discovery may have saved one of the world’s oldest chemical companies from sliding into irrelevance.

Stax is back, saved by founders of sneakerhead marketplace
Oct 18, 2026

Stax is back, saved by founders of sneakerhead marketplace

The athleisure brand collapsed in June after an ill-fated retail expansion, but now a new entrepreneurial couple plans to revive it.

Australia clashes with Asian energy giants over gas export crackdown
Oct 18, 2026

Australia clashes with Asian energy giants over gas export crackdown

Labor is risking a backlash from major Asian partners as it forges ahead with contentious rules to divert more gas exports to local consumers.

‘Only the sharks are left’: The $388 billion change shaking up the sharemarket
Oct 18, 2026

‘Only the sharks are left’: The $388 billion change shaking up the sharemarket

There’s been a major shift in how Australians buy shares, sparking debate over whether our market is becoming more prone to wild swings – or even the risk of bubbles.

Trying to find a job is now as toxic as dating apps. I want a career, not a booty call
Oct 18, 2026

Trying to find a job is now as toxic as dating apps. I want a career, not a booty call

Recruiters, your “booty calls” are wearing thin. And it’s time to give up the “ghost”.

Drones as first responders: welcome to the future of policing
Oct 18, 2026

Drones as first responders: welcome to the future of policing

Drones have a bird’s-eye view of the city. The prospect of police departments integrating drones into their workflow raises questions about privacy and police accountability.

The $38b battle for Australia’s top gold miner may be just beginning
Oct 18, 2026

The $38b battle for Australia’s top gold miner may be just beginning

A South African mining giant is seeking to rally investors across Australia to pressure a major local rival into takeover talks.

Weighing the real cost of migration cuts
Oct 17, 2026

Weighing the real cost of migration cuts

An analysis using Parliamentary Budget Office tools shows that One Nation’s immigration policy may add an extra $275 billion to national debt.

Recommended

Sign Up Now

Subscribe to us for the latest news from Banking Reporter

ABOUT US
Banking Reporter

Banking Reporter is the largest-circulated online business news in the United States, bringing a whole new genre of business journalism more up close and more incisive.

Copyright © 2015 - 2026 Banking Reporter. All Rights Reserved.