Updated Sep 9, 2026 – 5.06pm, first published at 4.31amKey Posts6 hrs ago — 4.24PMChina’s DeepSeek taps CITIC Securities for domestic IPO, sources say6 hrs ago — 4.14PMASX sinks to fresh six-week low as banks, health stocks tumble7 hrs ago — 3.42PMRBC Capital Markets switches to forecasting November rate rise7 hrs ago — 3.16PMChinese inflation revives as oil spike, AI boom feed into prices8 hrs ago — 2.22PMState Street promotes Australia head Tim Helyar8 hrs ago — 2.11PMASX turns down as oil heads towards $US100 a barrel; Austal pops 6pcGo to latestPinned post – 4.14PMGus McCubbingThe Australian sharemarket has fallen to a fresh six-week low as oil inched towards $US100 a barrel amid escalating violence in the Middle East that ramped up interest rate bets.The S&P/ASX 200 Index fell 9.4 points, or 0.1 per cent, to 8911.40 on Wednesday, its lowest level since July 27, having risen as much as 0.3 per cent earlier in the session.Seven out of the 11 sectors were trading in the red with a rally in energy stocks helping to offset broader losses elsewhere.Brent crude is less than $US1 from hitting triple figures after the United States struck Iranian tankers near the vital crude-export hub of Kharg Island, stoking fears of deeper disruptions through the Strait of Hormuz.“That’s weighing on market sentiment and putting downward pressure on stocks, especially cyclical sectors sensitive to growth and inflation risks,” said Capital.com senior market analyst Kyle Rodda.1 / 3Fetching latest articles