ASX 200 Shifts as Miners Slide and Banks Take the Lead

Miners drag bourse lower as gold loses its shine

Australia's share market has been dragged lower as an exodus from precious metals weighed on heavyweight raw materials stocks.

NAB share price slips after ASX ends 1% lower; RBA decision now the next test

Sydney, Feb 2, 2026, 17:23 AEDT — Market closed National Australia Bank Ltd (NAB.AX) slipped 0.9% to close at A$42.96 on Monday amid a broader slide in Australian shares. Miners and gold stocks led the downturn, hit hard by a steep drop in precious metals. The S&P/ASX 200 dropped roughly 1%, finishing at 8,779 points. (Investing.com) The slide puts NAB at risk as Tuesday’s Reserve Bank of Australia meeting nears, with global market volatility ra…

ASX Plunges as Miners Drag Market Lower

The Australian sharemarket is poised for its largest decline this year, with mining stocks leading the downturn. The S&P/ASX 200 index fell by 1.2 per cent, or 103.40 points, to 8765.70 by 2.03pm AEDT, with nine out of eleven sectors experiencing losses. This decline mirrors a global equity sell-off and precedes the Reserve Bank of Australia’s anticipated interest rate hike on Tuesday. This hike would represent the first tightening move by a maj…

ASX 200 Shifts as Miners Slide and Banks Take the Lead

ASX 200 reflects sharp sector rotation as mining stocks weaken and banks strengthen, highlighting changing sentiment across the Australian share market.