The S&P/ASX 200 fell 38.1 points, or 0.43%, to close at 8,793.2, as miners and energy stocks outweighed a strong overnight Wall Street session. The energy index dropped about 2.2%; Santos cut its 2026 production forecast to 99 million to 102 million barrels of oil equivalent after problems at its Pikka project in Alaska, while Brent hovered near $110 a barrel. Materials fell about 1.6%, as Fortescue warned that stalled price talks with China Mineral Resources Group left its sales 3.9 million tons short of shipments in the September quarter. Nick Scali slumped about 16% after warning that first-half profit would fall sharply, as written sales orders in Australia and New Zealand dropped 15%.
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Related tickers and likely impact
AUD/USD
▼ Likely negativeRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/21/2026 | 0.70288 |
| Change that session | +0.35% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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