S&P/ ASX 200 ends lower as banks slide 0.6 percent
Published on 10/14/2026 at 13:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSBank selling weighs on stocks
- The S&P/ASX 200 closed at 8,728 points on October 14, down 56 points or 0.6 percent.
- Financials fell 1.6 percent after weak reactions to US bank earnings.
- Austal rose 10.9 percent, while Paladin Energy dropped 8.6 percent.
- Australia's September jobs report is due October 15 at 11:30 a.m. AEDT.
The S&P/ASX 200 fell 56 points, or 0.6 percent, to 8,727.9 points on October 14. Financial stocks led the decline after investors reacted poorly to US bank earnings.
Austal was the standout gainer, rising 10.9 percent after reporting two bidders for the company, while Paladin Energy fell 8.6 percent after production weakened in the September quarter, as Yahoo Finance reported.
Why did the S&P/ASX 200 fall?
The financials sector dropped 1.6 percent. Commonwealth Bank fell 2.2 percent, National Australia Bank lost 1.8 percent and Westpac declined 1.3 percent. AAP via Riverine Herald linked the bank sell-off to disappointing US lender earnings and cautious comments from Commonwealth Bank management.
Materials also weighed on the benchmark, while energy shares gained as Brent crude traded at USD 106.60 a barrel. Six of the 11 sectors finished higher, according to ABC News.
Top and flop in the S&P/ASX 200
Winners and losers at the Sydney close, according to Investing.com:
- Austal up 10.9 percent: two takeover bidders were disclosed, Yahoo Finance reported.
- Zip up 4.3 percent
- Objective up 4.0 percent
- Paladin Energy down 8.6 percent: production was hurt by a mine shutdown and pit transition.
- Orora down 6.3 percent
- Summerset down 4.6 percent
What comes next for the S&P/ASX 200
October 15, 2026, 11:30 a.m. AEDT: Australia's September labor-force report is due, with employment forecast to rise by 20,000 and unemployment expected at 4.6 percent, according to Finobird.
