Australian Stock Market Today: ASX 200 Sinks 1.6% as Miners and Banks Lead $40bn Sell‑Off (21 November 2025)
Australia’s share market closed sharply lower on Friday, 21 November 2025, as a global tech rout, stronger‑than‑expected US jobs data and renewed doubts about further interest rate cuts sparked a broad risk‑off move. The S&P/ASX 200 fell about 136 points, or 1.6%, to around 8,416–8,419, its lowest level since early June and roughly 7–8% below the record high near 9,115 set in mid‑October. Market Index+2The Guardian+2 The drop wiped out Thursday’s rebound and erased close to $40 billion in market value in a single session. News.com.au+1 Key points: ASX today (21 November 2025) ASX 200 today: index overview and market stats By the closing bell