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Australian Market Report - Australian shares retreat from highs as caution sets in
Australias share market has failed to hang on to record-breaking gains after worries about US financial stability and an ongoing trade stoush sent investors towards safe havens.
Friday 17 October 2025

The S&P/ASX200 fell 73.4 points on Friday, down 0.81 per cent, to 8,995, as the broader All ordinaries dropped 83 points, or 0.89 per cent, to 9,292.9.

The convincing rejection came after the top 200 broke its intraday and closing records on Thursday, ultimately rounding out the roughly 0.4 per cent higher.

The heavyweight financials sector dragged on the bourse, dropping more than one per cent after two US regional banks posted heavy loan-related drawdowns, fanning fears of a repeat of the 2023 regional banking crisis.

Energy stocks were hammered as oil prices plumbed five-month lows, as US-China trade tensions drag on against a backdrop of oversupply from OPEC+ and planned diplomatic talks to end the war in Ukraine.

The Australian dollar is buying 64.74 US cents, down from 64.94 US cents on Thursday at 5pm.

Companies Holding Annual General Meeting (ASX 300):

Australian Finance Group Ltd

PWR Holdings Limited

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Markets

Index
Last price
Change
% Change
All Ordinaries9,293.2045.10-0.48%
CAC 408,189.520.930.01%
DAX 4023,830.99441.20-1.82%
Dow JONES (US)46,190.61238.370.52%
FTSE 1009,348.0188.08-0.93%
HKSE25,247.10641.41-2.48%
NASDAQ22,679.97117.440.52%
Nikkei 22547,582.15695.59-1.44%
NZX 50 Index13,289.2199.89-0.75%
S&P 5006,664.0134.940.53%
S&P/ASX 2008,995.3034.70-0.38%
SSE Composite Index3,839.7676.47-1.95%

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