Neutral
ASX 200 rises 0.3% to 8,758 as tech stocks lead gains amid inflation concerns.
The ASX 200 increased by 0.3% to close at 8,758 on September 22, 2026, driven by strong performances in technology stocks. This uptick occurred despite concerns over potential inflationary pressures, as the Reserve Bank of Australia signaled possible rate hikes due to high energy costs and robust domestic demand. Investors are also awaiting upcoming economic data releases, including the September Purchasing Managers' Index (PMI) and August employment figures.
Key points
- Technology stocks led the market, with Nextdc up 3.6%, Technology One 2.9%, and Wisetech Global 2.8%.
- The Reserve Bank of Australia warned of rising inflation risks, potentially leading to rate hikes.
- Investors are awaiting the September PMI and August employment data later this week.
Sources
AI-generated from public news sources. Not financial advice.
