Australia's ASX 200 hits lowest since July as rate cut bets ease

Megaport

14/11/2025 05:00

** Australia's benchmark ASX 200 index .AXJO falls as much as 1.6% to 8,612.20 points, its lowest level since mid-July

** Index has fallen 1.6% for the week, on track to record its third consecutive week of losses, if trend holds

** Most sectors in the red, with banks .AXFJ falling 1.8%, tech stocks .AXIJ slipping 2.4%

** Megaport  MP1.AX among top losers of AXJO constituents, down as much 10.5% to hit lowest since August 21

** Thursday’s jobs report added to a string of upbeat indicators suggesting little urgency for the central bank to cut rates

** AXJO up 5.8% YTD, including current session's moves

(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com;))