Suncorp Leads Insurance Sector Sell-Off Amid AI Disruption Fears
Markets Daniel Marsh

Suncorp Leads Insurance Sector Sell-Off Amid AI Disruption Fears

Suncorp shares dropped 4.24% as investor concerns over ChatGPT-powered insurance applications sparked a sector-wide decline. The sell-off comes ahead of the company's half-year results on February 18.

SUNC
Lynas Shares Gain as Rare Earth Prices Reach Multi-Year High, State Street Boosts Stake
Commodities Rebecca Torres

Lynas Shares Gain as Rare Earth Prices Reach Multi-Year High, State Street Boosts Stake

Lynas Rare Earths shares advanced 2.2% after neodymium-praseodymium oxide prices in China hit their highest level since mid-2022. State Street Corporation increased its voting power in the company to 9.55%.

FXI
Evolution Mining Shares Hold Steady Ahead of Half-Year Financial Release
Earnings James Calloway

Evolution Mining Shares Hold Steady Ahead of Half-Year Financial Release

Evolution Mining's stock closed flat at A$14.98 as investors await the company's half-year results and conference call scheduled for Wednesday morning.

GLD
Xero Stock Extends Recovery as Tech Sector Stabilizes Ahead of Key Earnings
Technology Sarah Chen

Xero Stock Extends Recovery as Tech Sector Stabilizes Ahead of Key Earnings

Xero shares advanced 2.2% to A$84.76, continuing a two-day rebound after last week's tech selloff. Investors now await the company's May 14 results for insights into its U.S. performance.

XLK
Santos Shares Dip as Oil Retreats; Investors Eye Upcoming Full-Year Results
Earnings James Calloway

Santos Shares Dip as Oil Retreats; Investors Eye Upcoming Full-Year Results

Santos shares closed slightly lower amid softer oil prices, with market focus shifting to the company's full-year financial results scheduled for release on February 18.

USO
Woodside Energy Gains Slightly Amid Oil Retreat; Focus Shifts to Upcoming Annual Results
Earnings James Calloway

Woodside Energy Gains Slightly Amid Oil Retreat; Focus Shifts to Upcoming Annual Results

Woodside Energy shares closed marginally higher despite a dip in crude prices, as investors await the company's full-year financial results and briefing scheduled for February 24.

USO XLE
Fortescue Retreats as Iron Ore Hovers Near $100, Investors Eye Earnings
Commodities Rebecca Torres

Fortescue Retreats as Iron Ore Hovers Near $100, Investors Eye Earnings

Fortescue shares declined 0.96% to A$21.57, giving back some of Monday's gains. Iron ore futures were mixed amid reopened Australian ports and persistent China demand concerns.

FSUGY
NAB Shares Steady Ahead of Quarterly Update Amid Shifting Rate Expectations
Markets Daniel Marsh

NAB Shares Steady Ahead of Quarterly Update Amid Shifting Rate Expectations

National Australia Bank shares closed flat at A$43.98 in a volatile session as investors await next week's trading update. The bank will raise variable home loan rates following the RBA's latest hike.

EWA
CSL CEO Steps Down Ahead of Earnings, Interim Leader Named as Shares Slide
Markets Daniel Marsh

CSL CEO Steps Down Ahead of Earnings, Interim Leader Named as Shares Slide

CSL announced CEO Paul McKenzie's retirement, with Gordon Naylor appointed interim chief effective February 11. The leadership change comes one day before the company's half-year results.

CSL
ANZ Shares Drop Ahead of Key Earnings, Focus on Margins and Credit
Earnings James Calloway

ANZ Shares Drop Ahead of Key Earnings, Focus on Margins and Credit

ANZ shares fell 2.4% to A$36.71 as investors await the bank's first-quarter update Thursday and Commonwealth Bank's results Wednesday. Traders are scrutinizing net interest margins and potential credit stress.

ANZBY
BHP Gains on ASX as Copper Expansion and Port Reopening Draw Investor Attention Ahead of Earnings
Markets Daniel Marsh

BHP Gains on ASX as Copper Expansion and Port Reopening Draw Investor Attention Ahead of Earnings

BHP shares advanced 1.1% to A$50.26, with focus on its copper investment plans and the reopening of key iron ore ports. The miner reports half-year results on February 17.

BHP RIO
Macquarie Shares Gain After Solid Q3 Performance, Tax Outlook in Focus
Earnings James Calloway

Macquarie Shares Gain After Solid Q3 Performance, Tax Outlook in Focus

Macquarie Group shares closed higher following a third-quarter update showing profit growth across divisions, with investors eyeing a flagged higher tax rate for 2026.