ASX 200 slides as banks, BHP drag Australian shares — what to watch next
Sydney, January 20, 2026, 22:05 (AEDT) — Market closed. Australian shares slipped on Tuesday, with the S&P/ASX 200 dropping 0.66% to 8,815.9. Heavy selling hit banks and miners hardest, dragging the index down 58.6 points from Monday’s close of 8,874.5. (MarketWatch) The market suffered its steepest one-day decline since mid-December, hitting as traders began to reassess local rates. Financials dropped 1.1%, with the big four banks sliding between 0.9% and 1.8%. “The sector is losing steam as investors rotate out,” said Philip Pepe, senior equities analyst at Shaw and Partners. (The Business Times) Trade headlines weighed on sentiment. U.S. President