The Australian stock market is notably lower on Friday, extending the losses in the previous session, with the benchmark S&P/ASX 200 falling below the 7,200 level, following the broadly negative cues from global markets overnight, with weakness across most sectors, led by technology, financial and gold miner stocks, as rising concerns about global economic growth due to surging interest rates dented sentiment.
The benchmark S&P/ASX 200 Index is losing 36.50 points or 0.51 percent to 7,168.30, after hitting a low of 7,117.60 earlier. The broader All Ordinaries Index is down 36.60 points or 0.50 percent to 7,353.70. Australian markets ended significantly lower on Thursday.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.