Wall Street slumps as AI stocks fall, ASX set to dip
The Australian sharemarket experienced a sixth consecutive day of losses, driven by global bond market concerns and rising oil prices. While healthcare stocks saw gains, the broader market remains volatile due to inflation and interest rate pressures.
Why it matters
Market volatility in Australia reflects broader global economic anxieties regarding debt, inflation, and the impact of geopolitical crises on energy prices.
— 11:26am , first published August 19, 2026 — 5:19am
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Share A A A Australia’s sharemarket has fallen for a sixth-straight session, as high oil prices and global bond market worries weigh on investor confidence.
The S&P/ASX200 pared back some early losses on Wednesday to end the session 16.2 points lower, down 0.2 per cent, to 9053.8.
The ASX fell again on Wednesday as high oil prices and bond market worries weigh on confidence. Getty Images The broader All Ordinaries lost 19 points, or 0.2 per cent, to 9255.2.
Local shares tracked a weak lead from global peers after debt concerns sent sovereign bond yields higher, while oil prices rose as markets priced an open-ended Hormuz Strait crisis.
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