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ASX Updates News 22 January 2026 - 1 February 2026

Fortescue share price slides to A$21 as miners retreat — what to watch before ASX reopens

Fortescue share price slides to A$21 as miners retreat — what to watch before ASX reopens

Fortescue Ltd shares fell 2.7% to A$21.00 on Friday, leading a sharp drop in Australian miners as the sector’s sub-index slid 3.5%. The ASX benchmark closed down 0.7%. Rio Tinto lost 3.5% and BHP Group dropped 1.8%. Traders are watching next week’s Reserve Bank of Australia meeting, with markets expecting a rate hike.
31 January 2026
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PLS Group share price: why ASX:PLS slid on its quarterly update — and what to watch next week

PLS Group share price: why ASX:PLS slid on its quarterly update — and what to watch next week

PLS Group shares fell 6.5% to A$4.29 Friday after a major shareholder, GFL International, sold 32.19 million shares in a block trade. The company posted a 49% revenue jump to A$373 million last quarter, with lithium prices surging but unit costs up 8%. The board will decide by March on restarting the Ngungaju plant, which could resume output within four months.
31 January 2026
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Northern Star share price jumps 3% as gold hits record highs — what to watch next for ASX:NST

Northern Star share price jumps 3% as gold hits record highs — what to watch next for ASX:NST

Northern Star shares rose 3.1% to A$29.49 Thursday, outperforming a flat market as gold hit record highs and spot bullion settled up 2.6% at $5,538.69 an ounce. The miner, which recently cut FY26 output guidance and raised cost forecasts, reported December-quarter gold sales of 348,061 ounces at an AISC of A$2,937 per ounce. Investors await half-year results on Feb. 12 for updates on costs and production.
29 January 2026
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Macquarie (ASX:MQG) share price slips as Australia inflation shocks rate bets — what investors watch next

Macquarie (ASX:MQG) share price slips as Australia inflation shocks rate bets — what investors watch next

Macquarie Group shares fell 1.1% to A$212.84 on Wednesday after hotter-than-expected inflation data raised market bets on a Reserve Bank of Australia rate hike next week. The trimmed mean CPI rose 0.9% in the December quarter, lifting the annual rate to 3.4%. The ASX 200 slipped 0.09%, while the Australian dollar hovered just below 70 U.S. cents. Macquarie made no new disclosures to the market.
28 January 2026
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Santos stock jumps 5% on Barossa LNG first cargo — what’s next for ASX:STO

Santos stock jumps 5% on Barossa LNG first cargo — what’s next for ASX:STO

Sydney, January 22, 2026, 17:07 AEDT — After-hours Santos Ltd shares ended Thursday 5.28% higher, closing at A$6.38 after fluctuating between A$6.13 and A$6.42. Around 20.9 million shares changed hands. (Investing.com) The Australian oil and gas producer reported that the first cargo from the restarted Darwin LNG plant is currently being loaded for shipment to Japan’s Sakai terminal. It also projected increased production in 2026, driven by the ramp-up of the Barossa and Pikka oil projects in Alaska. Citi analyst Tom Wallington said the loading might “allay investor concerns that more material issues emerged during commissioning.” The stock outperformed the
22 January 2026
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ASX:PLS share price tops A$5 as China lithium futures bounce; traders watch Jan 30 update

ASX:PLS share price tops A$5 as China lithium futures bounce; traders watch Jan 30 update

Sydney, Jan 22, 2026, 17:02 AEDT — Market closed PLS Group Limited shares ended Thursday above A$5, rising 1.8% to close at A$5.04 after moving between A$4.97 and A$5.07 during the session. Roughly 19.5 million shares were traded. The stock has gained around 17% year-to-date on daily closes. (StockAnalysis) Traders are zeroing in on China’s lithium price moves as a fast barometer for battery-material shares. Lithium carbonate futures climbed 3% to 169,480 yuan a tonne during daytime trading, still roughly 2.6% shy of a recent peak. Alongside this, PLS gained ground with Liontown Resources and IGO, data from MarketIndex shows.
22 January 2026
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CSL share price rises after ASX rally — what investors watch before Feb 11 results

CSL share price rises after ASX rally — what investors watch before Feb 11 results

Sydney, Jan 22, 2026, 16:49 AEDT — The market has closed. CSL Ltd (CSL.AX) shares ended Thursday roughly 0.9% higher, closing at A$177.71. The healthcare giant is regaining footing following a tough 2025. (Intelligent Investor) The broader market chipped in. The S&P/ASX 200 climbed 66 points, or 0.8%, landing at 8,849. Every sector rose apart from mining, as traders reacted to a Wall Street bounce after U.S. President Donald Trump backed off fresh tariff threats on Europe. Stronger-than-expected Australian employment numbers also pushed expectations for a Reserve Bank of Australia rate hike in February. (ABC) CSL’s calendar takes center stage
22 January 2026
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Stock Market Today

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

7 February 2026
Seagate shares rose 5.9% to $429.32 Friday after Citigroup raised its price target to $480 and reiterated a buy rating. The gain ended a two-day slide but left the stock 6.6% below its Feb. 3 high. CEO Dave Mosley sold 20,000 shares on Feb. 2 under a pre-arranged plan, SEC filings show. U.S. jobs and inflation data next week are seen as key tests for tech stocks.
Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

7 February 2026
Cummins shares jumped 6.8% to $577.73 Friday, recovering from a nearly 9% post-earnings drop the day before. The company reported Q4 revenue up 1% to $8.54 billion, took a $218 million charge tied to its hydrogen business, and guided for 2026 EBITDA of 17–18% of sales. Demand for data center generators offset weakness in North American truck markets. Analyst reaction was mixed; Truist raised its price target.
Corning stock hits first record close since 2000 as jobs, CPI data loom

Corning stock hits first record close since 2000 as jobs, CPI data loom

7 February 2026
Corning shares surged 8.3% to $122.16 Friday, their highest close since the dot-com era, after Meta agreed to buy up to $6 billion in fiber-optic cables. The stock is up 40% since late 2025, fueled by strong first-quarter guidance and AI data-center demand. Insiders sold shares following the rally, SEC filings show. Investors await next week’s U.S. jobs and inflation data for rate signals.
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