AI stocks weigh on Wall Street, ASX eyes flat start
The Australian sharemarket dropped to a three-month low, driven by rising oil prices and increased US bond yields. Investors are reacting to geopolitical tensions in the Middle East and expectations of global interest rate hikes.
Why it matters
Market volatility in Australia reflects broader global economic anxieties regarding energy supply chains and central bank interest rate trajectories.
— 6:15pm , first published September 15, 2026 — 5:10am
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Share A A A The Australian sharemarket fell to its lowest level in more than three months on Tuesday, weighed down by the mining heavyweights and the big four banks after another jump in oil prices, which sent US bond yields to their highest point in almost two decades amid expectations of rate rises in the world’s largest economy.
The S&P/ASX 200 finished down 77.4 points, or 0.9 per cent, at 8672.50, the lowest close since early June. Six of the local market’s 11 industry sectors declined. The Australian dollar was trading down 0.3 per cent at US71.19¢.
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