Story perspectives

Australian Shares Steady as Tech Gains Offset Banking Losses

5/26/2025

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Summary

Story summary

Australian shares held steady, with the S&P/ASX 200 index at 8,354.9 points.
Technology stocks gained, driven by WiseTech Global's 6% rise following a $2 billion acquisition.
Banking sector losses, ranging from 0.2% to 1.1%, countered these gains.
Investors are looking for local inflation data to gauge potential interest rate cuts by the Reserve Bank of Australia.
New Zealand's S&P/NZX 50 index dropped 0.3%, amid expectations of a cash rate cut by the Reserve Bank of New Zealand.

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Story summary

Australian shares held steady, with the S&P/ASX 200 index at 8,354.9 points.
Technology stocks gained, driven by WiseTech Global's 6% rise following a $2 billion acquisition.
Banking sector losses, ranging from 0.2% to 1.1%, countered these gains.
Investors are looking for local inflation data to gauge potential interest rate cuts by the Reserve Bank of Australia.
New Zealand's S&P/NZX 50 index dropped 0.3%, amid expectations of a cash rate cut by the Reserve Bank of New Zealand.