Australia Stock Market Today (18 December 2025): ASX 200 slips as tech and uranium sink, Austal lands $1.03bn defence contract
SYDNEY, Thursday 18 December 2025 — Australian shares drifted lower for a fourth straight session as global “AI valuation” jitters again hit technology names, while a sharp sell-off in uranium stocks dragged on broader sentiment. The S&P/ASX 200 (ASX 200) spent most of the day in mild retreat — down about 0.1% to 0.3% — before stabilising into the afternoon. Even with the pullback, local losses were modest relative to the overnight slide on Wall Street, where tech weakness again dominated. Analysts point out Australia’s market structure — heavy in banks and miners, light in mega-cap tech — continues to
