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Markets3h 28m ago

The Australian sharemarket climbed to a nine-week high despite weakness in energy stocks as falling oil prices weighed on the sector.

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Australia

Who
Ricardo Goncalves, Cameron Gleeson, Stephanie Youssef, Belinda Allen, BHP, Macquarie, ARN Media
What
The Australian sharemarket climbed to a nine-week high despite weakness in energy stocks as falling oil prices weighed on the sector.
When
Wed, 17 Jun 2026 08:24:10 GMT · 3h 28m ago
Where
Australia ·
Why
Falling oil prices weighed on the energy sector, while other factors like record levels for BHP and Macquarie, and ARN Media settling a legal dispute, contributed to the overall market climb.
The Frontline Impact

How this affects you

The Australian stock market experienced a significant surge, reaching a nine-week high, despite a downturn in the energy sector due to falling oil prices, indicating divergent performance across different market segments. This movement suggests a complex interplay of global commodity prices and domestic corporate performance influencing national market trends.

Story chain

4 events in this thread
  1. Markets1h 48m ago
    The Australian stock market closed at a two-month high on Wednesday, with the S&P/ASX 200 index ending 0.5% higher at 8966.30 points.
    Open article
  2. Markets1h 48m ago
    The Australian stock market closed at a two-month high on Wednesday, with the S&P/ASX 200 index ending 0.5% higher at 8966.30 points, its highest level since April 15.
    Open article
  3. Currently Reading3h 28m ago
    The Australian sharemarket climbed to a nine-week high despite weakness in energy stocks as falling oil prices weighed on the sector.
  4. Markets3h 28m ago
    The Australian sharemarket climbed to a nine-week high despite weakness in energy stocks as falling oil prices weighed on the sector, while BHP and Macquarie reached record levels and ARN Media surged after settling a legal dispute.
    Open article

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