Bearish
ASX 200 falls 0.75% to 8,772.30 amid tech sell-off and mining sector declines.
The S&P/ASX 200 index declined by 0.75% to close at 8,772.30 on July 24, 2026, driven by significant sell-offs in the technology sector and declines in mining stocks. The technology sector was particularly impacted, with major companies experiencing notable losses. Additionally, the mining sector faced pressure due to weaker commodity prices, contributing to the overall market downturn.
Key points
- Technology stocks led the decline, with companies like Xero and WiseTech Global experiencing significant losses.
- Mining stocks, including BHP and Rio Tinto, fell due to weaker commodity prices.
- Energy stocks gained as oil prices topped $100, but this was insufficient to offset losses in other sectors.
Sources
AI-generated from public news sources. Not financial advice.
