ASX Rebounds as Tech and Energy Offset Bank Weakness
LIVE SESSION · ASX TRADEMATCH CONTINUOUS TRADING
Opening rebound holds as tech and energy offset bank weakness
The ASX 200 remains modestly positive after Thursday’s inflation-led sell-off. Nvidia’s Wall Street rally is helping technology, higher oil is supporting energy, and the rate outlook is capping the banks.
28 AUG 2026
10:34:50 AEST
UTC+10 · Sydney
Early gain survives a brief fade
What changed: the benchmark opened at Thursday’s close, reached 9,061.20 by 10:03, slipped to 9,052 at 10:15, then recovered to 9,060.00 by 10:29.
Energy firm; materials split
10:04:52 AEST
| Stock | Price | Move |
|---|---|---|
| Woodside WDS | A$32.37 | +1.16% |
| Fortescue FMG | A$17.87 | +0.96% |
| BHP BHP | A$66.57 | +0.26% |
| CommBank CBA | A$154.64 | −0.21% |
| Rio Tinto RIO | A$177.51 | −0.67% |
BHP is a direct quote; peers are the related-stock snapshot displayed with it. Qantas was A$9.62, down 0.36%, at 10:11 AEST.
NEXTDC scales with AI infrastructure demand
Revenue and underlying EBITDA cleared management’s guidance. No verified live NXT price was available at the dashboard cutoff, so the price is omitted.
Near 10:15 AEST. Currency strength tightens conditions at the margin.
Supportive for energy equities; an inflation risk for the wider market.
Firm but not the main driver of the opening move.
Inflation keeps the rate tail-risk alive
- Headline CPI: 3.5% year on year in July.
- Trimmed mean: 3.6%, reinforcing concern that domestic inflation is sticky.
- Transmission: firmer oil and AUD strength create a mixed read for margins and the policy path.
- Market tell: banks are failing to join the rebound while growth stocks benefit from the Nvidia lead.
Virgin Australia FY26 briefingScheduled market presentation; guidance and fuel commentary matter for transport names.
Normal cash trading endsWatch whether the rebound broadens beyond tech and energy.
Closing single-price auctionFinal institutional imbalances set the official close.
Related articles: ASX:BHP
![Australia Stock Market Today 28/08/2026 [UPDATE: 10:37 AEST] [ASX Rebounds as Tech and Energy Offset Bank Weakness]](https://ts2.tech/wp-content/uploads/2026/08/AU-market-dashboard-2026-08-28-1034-480x384.jpg "Australia Stock Market Today 28/08/2026 [UPDATE: 10:37 AEST] [ASX Rebounds as Tech and Energy Offset Bank Weakness]")
