Bullish
ASX 200 rises 0.37% to 9,092.3; Materials sector hits record high
The S&P/ASX 200 closed at 9,092.3 on August 28, 2026, marking a 0.37% increase. This gain was driven by a 2.5% rise in the Materials sector, which reached a record high, offsetting declines in rate-sensitive sectors following a higher-than-expected inflation report.
Key points
- Materials sector achieves record high, led by BHP's strong performance.
- Inflation data prompts sell-off in rate-sensitive sectors.
- Overall market sentiment remains mixed amid sector-specific movements.
Sources
AI-generated from public news sources. Not financial advice.
