Business · Markets · 1 hr ago
ASX 200 recovers from losses to finish Tuesday slightly higher
Australia’s ASX 200 finished Tuesday 0.008% higher after falling as much as 0.51% during the session.
A selloff in Asian chip stocks dragged down technology shares, while lithium stocks and miners also came under pressure.
South Korea’s Kospi fell about 7%, briefly triggering a halt to program trading, as Samsung and SK Hynix shares dropped more than 8%.
Banks and defensive stocks helped the Australian market recover, with energy shares also supported by Brent crude prices above US$105 a barrel.
The recovery came as the Reserve Bank of Australia’s minutes showed it remains concerned about inflation and is prepared to raise rates again if needed.
Business confidence in Australia fell to -13, one of the weakest readings in the survey’s history, adding to signs of pressure on businesses.
The session showed how gains in some large market sectors can offset steep falls elsewhere.
The ASX 200 recovered from an intraday loss of as much as 0.51% to finish Tuesday 0.008% higher.
A selloff in Asian chip stocks dragged down Australian technology, lithium and mining shares.
Banks and defensive sectors helped lift the index, while energy stocks gained as Brent crude traded above US$105 a barrel.
Utilities led sector gains, rising 1.80%, followed by financials, up 1.39%.
The Reserve Bank of Australia remained open to further rate rises, and NAB business confidence fell to -13.
- Who
- The ASX 200 and Australian-listed companies.
- What
- The index recovered from an intraday fall and finished 0.008% higher.
- When
- Tuesday; the article was published on 13 October 2026.
- Where
- Australia, with market moves also influenced by an Asian chip selloff.
- Why
- Banks and defensive stocks helped the index recover. The article links the earlier falls to the Asian chip selloff and weakness in technology, lithium and mining stocks.
This story does not have two clearly opposing sides.
The ASX 200 fell as much as 0.51% amid a selloff in Asian chip stocks.
Banks and other defensive stocks helped the index recover its losses.
The ASX 200 finished 0.008% higher.
- ASX 200 close
- 0.008% higher
- Intraday low
- Down as much as 0.51%
- Utilities
- Up 1.80%
- Financials
- Up 1.39%
- NAB business confidence
- -13







