
BoQ Profit Surprise Propels ASX Banks While Iron Ore Drags Miners Lower
Bank of Queensland’s 15 per cent profit jump helped the ASX200 finish almost flat at 6,647.5 on Wednesday, as iron ore weakness pulled BHP, Rio and Fortescue lower.
House byline
Stocks correspondent
Tess Harlow is a house byline for InfoHandle’s Stocks desk.

Bank of Queensland’s 15 per cent profit jump helped the ASX200 finish almost flat at 6,647.5 on Wednesday, as iron ore weakness pulled BHP, Rio and Fortescue lower.

The S&P/ASX 200 fell 0.9 percent in Monday’s Sydney session as U.S.–China tariff threats hit banks and tech, while Lynas, Northern Star and Iluka bucked the slide.

Australian real estate investment trusts have shed nearly a fifth of their value in a year as bond yields outrun dividend streams and office vacancy fears linger.

The S&P/ASX 200 rose 55.7 points to 8,716.6 on Friday as beaten-down software names bounced, even as uranium and lithium miners extended losses tied to risk appetite and Chinese carbonate prices.
S&P/ASX 200 futures rose 19 points to 8715 near 7am AEDT as crude climbed above $US103, while a 3.4 percent slump in a key US chip index set up another volatile session for local tech and energy names.

Sydney investors sold Commonwealth Bank and Westpac into a global bond rout while gold names such as Northern Star and Evolution Mining advanced as bullion held firm.

Pilbara Minerals shares jumped after a spodumene concentrate auction cleared about US$4,000 a tonne, reinforcing lithium pricing after a volatile quarter.

PLS Group shares jumped after its latest battery-grade spodumene auction cleared about US$4,000 a tonne, reinforcing FY27 production guidance as lithium sentiment firms.

SPI 200 futures pointed to a modest Monday gain for the S&P/ASX 200 after Friday’s 0.7 per cent rally, though global bond volatility kept fund managers wary of a sudden rates shock.

Private health insurer shares firmed in a thin Friday session as investors bet APRA will not tighten capital buffers before its November discussion paper lands.

The S&P/ASX 200 jumped 100.2 points to 8,945.9 as record bullion prices lifted Northern Star and peers while Commonwealth Bank led a 1.2 per cent gain in financials.

Fortescue Metals and Mineral Resources led a resources rebound on the ASX’s first October session as a firmer Pilbara iron ore fines quote lifted miners while banks tracked sideways.

WiseTech Global led a Sydney tech sell-off after the RBA lifted the cash rate to 4.60 per cent, pushing long bond yields higher and compressing multiples on logistics software names.

Customs brokers reported multi-minute stalls on CargoWise clearance APIs during Monday’s Sydney open, dragging WiseTech shares down as clients questioned September uptime credits.

Zip Co and other ASX tech names bounced at the open while iron ore miners weighed on materials, as traders positioned for a widely expected Tuesday rate increase to 4.60 per cent.

Netwealth and the listed platform cohort closed Friday alongside the IT complex, leaving the ASX 200 at 8,665 as the market waits on the RBA's 2:30pm AEST Tuesday decision.

The ASX 200 closed at 8,665.00, down 0.43%, as information technology fell 1.66% and Xero slid 2.81% to $57.36, its lowest close since May 2019.

ASX 200 futures pointed to a softer open near 8,730 as oil stayed elevated and the Australian dollar slipped to about US70.22¢, with the Reserve Bank board due to meet on 28–29 September.

The S&P/ASX 200 eased after the ABS monthly CPI held at 2.8 percent as the Big Four banks slipped on renewed hike odds and gold miners extended gains that had carried the index higher on Tuesday.

The Reserve Bank’s 2025 assessment of ASX clearing and settlement facilities kept operational risk at not observed for ASX Clear and ASX Settlement, dragging on exchange sentiment while major bank shares advanced in the same session.

The S&P/ASX 200 rose 0.4 percent to 8,845.9 on Tuesday as gold miners and the major banks advanced, while Myer Holdings crashed about a quarter after a $211.2 million statutory loss and a $213.3 million apparel-brands impairment.

BHP and Rio Tinto led a resources rebound on the ASX as falling oil prices eased diesel cost fears and traders dialled back near-term inflation bets ahead of the RBA meeting.

ASX 200 futures rose to 8801 on Monday as a Meta-led Wall Street tech rally and a sharp drop in oil prices set up a firmer Sydney open despite lingering rate fears.