Updated Aug 13, 2026 – 2.05pm, first published at 4.49amKey Posts24 mins ago — 2.04PMASX down as CBA’s decline weighs on market1 hr ago — 1.18PMYen heads towards critical level, threatening intervention1 hr ago — 12.28PMASX down 0.5pc at midday as CBA extends fall4 hrs ago — 11.18AMKorean stocks rise 22 per cent in 10 days5 hrs ago — 10.02AMASX falls at open, CBA slips 2.6pc5 hrs ago — 9.35AMNorthern Star snubs US activist fund with new board appointmentGo to latestPinned post – 2.04PMASX down as CBA’s decline weighs on marketGrace LaganThe Australian sharemarket was lower on Thursday after a flurry of disappointing earnings results and a sell-off in Commonwealth Bank shares.The S&P/ASX 200 was down 38.4 points, or 0.4 per cent, to 9171 at 2pm AEST, extending losses in the morning session. Seven of the 11 sectors were weaker, with communications services down 3.2 per cent after Telstra reported corporate results.The losses follow a mostly positive session on Wall Street overnight after a muted US inflation report, which encouraged the market to cool its bets on future rate rises from the US Federal Reserve.Index heavyweight CBA fell 2.6 per cent, dragging the bourse lower, as investors took some money off the table after Australia’s biggest bank reported a better-than-expected profit result on Wednesday.ANZ, meanwhile, was the third of the major banks to report this week, and followed CBA and Westpac in flagging a double-digit drop in mortgage applications after the sweeping tax changes and interest rate rises. The shares rose 4 per cent after its quarterly trading update.Elsewhere, Telstra dropped 4.3 per cent after it reported lower revenue in its full-year results.Utilities were one bright spot on the ASX, with Origin Energy jumping 5.3 per cent following a surge in profit and energy market earnings. The sector climbed 2.8 per cent.Stocks in focusIn other company news, waste management company Cleanaway surged 15 per cent after it said it had received a $9.4 billion takeover bid from Swedish private equity group EQT Infrastructure.ASX Ltd added 12.8 per cent after reporting a 5 per cent rise in full-year underlying profit.IAG slipped 5.7 per cent after posting a nearly 25 per cent fall in net profit in its full-year results.Meanwhile, Treasury Wine Estate shrugged off a more than $1 billion loss to rise 4 per cent after it posted its full-year results this morning.1 / 4Fetching latest articles