Business · Markets · 7 hrs ago
Australian shares fall as traders await US midterm results
Australian shares started the day lower as traders watched for the outcome of US midterm elections.
The ASX 200 was down 0.75 per cent at about 10:15am AEDT, while the Australian dollar slipped slightly.
Investors were waiting for US election results as they assessed what they could mean for markets.
On Wall Street, the Nasdaq rose 0.82 per cent, but remained in correction territory.
The Reserve Bank of Australia raised its cash rate to 4.85 per cent the day before, adding pressure on mortgage borrowers.
The rate increase affects borrowers and households, while share market moves matter to investors and businesses.
Traders were still awaiting the midterm results, and no further market outcome was given.
Australian shares fell as trading began on Wednesday, November 4, with investors awaiting results from the US midterm elections.
The S&P/ASX 200 was down 0.75 per cent at 8,820 points around 10:15am AEDT.
The Australian dollar was down 0.07 per cent at 69.61 US cents.
Wall Street markets were mixed, while the Nasdaq remained in correction territory.
Mortgage borrowers were also responding to the Reserve Bank of Australia’s decision the previous day to raise the cash rate to 4.85 per cent.
- Who
- Australian share-market investors and traders.
- What
- Australian shares fell as traders awaited the US midterm election results.
- When
- Wednesday, November 4, 2026; the market snapshot was around 10:15am AEDT.
- Where
- Australia’s share market.
- Why
- Traders were preparing to assess the US midterm election results.
This story does not have two clearly opposing sides.
The Reserve Bank of Australia lifted the cash rate to 4.85 per cent.
Australian shares began the day lower as traders awaited US midterm results.
The S&P/ASX 200 was down 0.75 per cent at 8,820 points.
- S&P/ASX 200
- Down 0.75 per cent to 8,820 points
- Australian dollar
- Down 0.07 per cent to 69.61 US cents
- US midterms
- Results awaited by traders
- RBA cash rate
- Raised to 4.85 per cent on November 3, 2026
- Wall Street
- S&P 500 +0.36%; Dow -0.38%; Nasdaq +0.82%