Australian Stocks Fall 0.7% In Morning Trading

Dow Jones05-18 08:31

This article was automatically generated by Dow Jones using technology from Automated Insights.

Stocks in Australia slipped during early trading Monday, as the S&P/ASX 200 Benchmark Index dropped 0.7% to 8571.20.

Among local companies with a market cap of at least 15 billion Australian dollars ($10.69 billion), Brambles is the biggest early laggard, plunging 14%, followed by shares of Evolution Mining, which dropped 4.0%. Shares of Northern Star Resources declined 3.3%.

Lynas Rare Earths is the biggest leader this morning, gaining 3.0%, and Woodside Energy Group gained 2.2%. Computershare rounds out the top three movers, as shares gained 2.1%.

The U.S dollar weakened 0.4% against the Australian dollar to 1.40 Australian dollars.

In the bond markets, the 10-year Australian government bond yield rose 3.73 basis points to 5.120%.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

May 17, 2026 20:31 ET (00:31 GMT)

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