Today: 21 March 2026
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ASX:RMD 30 January 2026

Australia stock market today: ASX 200 slips as miners sink, RBA rate call looms

Australia stock market today: ASX 200 slips as miners sink, RBA rate call looms

ASX 200 fell 0.65% to 8,869.1 as miners and gold stocks slumped, with Rio Tinto down 3.5% and BHP off 1.8%. Hotter-than-expected core inflation pushed markets to price in a 75% chance of an RBA rate hike next week. The Australian dollar slipped to 70.02 U.S. cents. Whitehaven reported a 21% jump in quarterly coal output to 11 million tonnes.

Stock Market Today

  • Stocks Dive as US War Plans on Iran Spark Market Turmoil
    March 21, 2026, 1:23 AM EDT. Stocks plunged sharply Friday with the S&P 500, Dow Jones Industrial Average, and Nasdaq 100 hitting 6.25-month lows amid escalating US-Iran tensions. Pentagon plans for possible US ground troop deployment and control of Iran's Kharg Island fanned fears. Elevated energy costs from the Iran conflict, disrupting 7.5% of global oil supply, pressured inflation and growth outlooks. Crude oil prices remain high despite emergency stock releases. Global bond yields rose, with the US 10-year Treasury yield hitting a 7.5-month peak at 4.39%. The market factors a 12% chance of a Federal Reserve interest rate hike in April amid volatility. Overseas markets tumbled too, with Euro Stoxx 50 closing down 2%. The conflict's extension casts a shadow over energy markets and investor sentiment.
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