Australian Equities Extend Slide as Week Opens

Trading Economics
2026.05.18 01:08
portai
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Australian stocks fell 1.0% to 8,547, marking their lowest level since early April. The decline follows a slump on Wall Street and rising tensions in the Middle East. Key data releases from China and Australia are anticipated this week. Major decliners included BHP Group (-2.6%) and Goodman Group (-2.7%), while Brambles Ltd. dropped 14.9% after lowering its profit growth target.