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ASX News 1 February 2026 - 6 February 2026

Xero share price ends lower as AI disruption fears keep ASX tech under pressure

Xero share price ends lower as AI disruption fears keep ASX tech under pressure

Xero shares closed down 0.4% at A$81.76 Friday after plunging 16% midweek, their steepest drop since 2013. The selloff followed fresh AI launches from Anthropic and investor concerns over software pricing power. Xero said over two million subscribers use its AI tools and expects Melio to reach breakeven in H2 FY28. WiseTech Global fell 4.7% as software stocks faced continued pressure.
6 February 2026
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BHP share price drops nearly 4% — what to watch before the next ASX session

BHP share price drops nearly 4% — what to watch before the next ASX session

BHP Group shares fell 3.9% to A$50.36 on Thursday, leading losses in the Australian materials sector as iron ore prices dropped to a seven-week low. The S&P/ASX 200 slipped 0.43%, while the Australian dollar eased to 69.71 U.S. cents. The Reserve Bank of Australia raised rates to 3.85% earlier in the week. BHP is set to report half-year results on Feb. 17.
5 February 2026
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Woodside Energy share price jumps 3% on oil rally — what ASX:WDS investors watch next

Woodside Energy share price jumps 3% on oil rally — what ASX:WDS investors watch next

Woodside Energy shares rose 3.1% to A$25.84 Wednesday, outperforming the S&P/ASX 200, which closed up 0.8%. Brent crude climbed 0.8% to $67.89 a barrel amid renewed U.S.-Iran tensions. Woodside announced a new partnership with TEX-E in Houston and set its full-year results briefing for Feb. 24. The company forecasts lower production in 2026 after a record 2025.
4 February 2026
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CSL Limited share price rises 2% on ASX — what to know ahead of Feb 11 results

CSL Limited share price rises 2% on ASX — what to know ahead of Feb 11 results

CSL shares rose 2.0% to A$181.70 on Wednesday, outperforming a flat health care sector as the ASX 200 gained 0.8%. Investors await CSL’s half-year results and interim dividend announcement on Feb. 11. The Reserve Bank of Australia raised rates to 3.85% this week, with another hike expected in May. CSL last cut its FY26 forecasts in October, citing weaker U.S. flu vaccination rates.
4 February 2026
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Macquarie Group share price slips as new director filing lands, RBA decision looms

Macquarie Group share price slips as new director filing lands, RBA decision looms

Macquarie Group shares slipped 0.19% to A$211.77 Monday, trading between A$210.35 and A$214.48. Newly appointed director William Vereker held no Macquarie securities at the time of his appointment, according to an ASX filing. Traders are focused on Tuesday’s Reserve Bank of Australia rate decision and Macquarie’s operational briefing next week.
2 February 2026
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NAB share price slips after ASX ends 1% lower; RBA decision now the next test

NAB share price slips after ASX ends 1% lower; RBA decision now the next test

National Australia Bank fell 0.9% to A$42.96 as the S&P/ASX 200 dropped 1% Monday, led by declines in miners and gold stocks. Markets price a 75% chance the Reserve Bank of Australia will raise rates to 3.85% at Tuesday’s meeting. The Australian dollar hit a one-week low amid metals weakness and Fed uncertainty. NAB’s first-quarter trading update is due February 18.
2 February 2026
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WiseTech Global (ASX:WTC) share price at a one-year low as tech stocks slide — what to watch next

WiseTech Global (ASX:WTC) share price at a one-year low as tech stocks slide — what to watch next

WiseTech Global shares fell 2.4% to A$58.00 Friday, their lowest in a year, after three days of declines and a 15% slide since January. The company faces regulatory pressure to divest Expedient following an ACCC ruling tied to its e2open acquisition. Half-year results are due Feb. 25, with the stock trading ex-dividend on March 13. The ASX tech sector also hit a two-year low Friday.
1 February 2026
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Why Lynas Rare Earths (ASX:LYC) share price slid — and what could move the stock next week

Why Lynas Rare Earths (ASX:LYC) share price slid — and what could move the stock next week

Lynas Rare Earths closed Friday down 4.5% at A$14.90 after a sharp sell-off in rare earth miners, with volume at 11.6 million shares. The drop followed reports that U.S. officials are backing away from price floor guarantees for critical minerals, though the Department of Energy denied the claims. Australia’s Resources Minister said Canberra will proceed with its A$1.2 billion critical minerals reserve regardless of U.S. policy shifts.
1 February 2026
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Stock Market Today

Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz

Stock Market Today 07.02.2026

7 February 2026
LIVEMarkets rolling coverageStarted: February 7, 2026, 12:00 AM ESTUpdated: February 7, 2026, 12:46 AM EST Sensex and Nifty Bounce Back Amid IT Sector Weakness, Eyes on US-India Trade Deal February 7, 2026, 12:46 AM EST. India's Sensex rose 0.3% to 83,580.40 and Nifty gained 0.2% to 25,693.7 on Friday, recovering from early losses. The Nifty IT index dropped 1.5%, extending a weekly fall of 5%, pressured by a global tech sell-off linked to rising AI spending and competition. Foreign investors bought equities worth ₹1,951 crore, while domestic institutions sold ₹1,265 crore. The market is cautiously awaiting details of the US-India
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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