30/10/2026
🇦🇺 ASX 200 gains 2.3% in October as financial stocks stage strong recovery
Australian shares ended October on a stronger note, with the S&P/ASX 200 rising 2.28% for the month to 8,908.1 points, supported by a broad recovery across nine of the 11 sectors.
Financials were among the standout performers, climbing 7.20%, while the ASX 200 Banks Index surged 7.88%, significantly outperforming the broader market. Utilities led the sector gains with a 9.87% jump, followed by health care at 7.07% and consumer discretionary at 5.90%.
However, the recovery was uneven. Materials fell 7.20%, while information technology declined 3.84%. The ASX 200 Resources Index also dropped 6.12%, highlighting continued pressure on mining stocks.
October's performance highlights a notable divergence across Australian equities. The strong rebound in financials and defensive sectors helped lift the broader index, even as weakness in resources and technology continued to weigh on sentiment.
Looking ahead, the upcoming RBA policy meeting remains a key wildcard for the ASX recovery, with investors watching whether the central bank's interest rate outlook will support the rebound or put renewed pressure on equities.
Data as of 30 October 2026, market close (AEDT).
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