Market drifts lower on last trading day of the year - News Summed Up

Market drifts lower on last trading day of the year


The S&P/ASX200 was down 14.9 points by midday on Wednesday, or 0.17 per cent, at 8,702.2. The broader All Ordinaries fell 14.2 points, or 0.16 per cent, to 9,008.2. Weak Wall Street lead weighs on sentimentThe local market followed a softer lead from Wall Street overnight, as global markets move through a subdued final week of 2025. “Major US indexes dipped into negative territory overnight, with thin volumes and year-end position-squaring keeping price action limited,” Moomoo dealing manager Jimmy Tran said. That compares with gains of around 17 per cent for Wall Street’s S&P 500 and almost 30 per cent for Hong Kong’s Hang Seng index and Japan’s Nikkei index.


Source: Forbes December 31, 2025 03:44 UTC



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