Aussie Shares Tumble as Bonds Sell-Off and Oil Soars
Wall Street fell from records as AI shares slumped and Brent crude jumped 3.3%, lifting Treasury yields and pressuring global stocks.
- On Monday, May 18, 2026, the ASX 200 shed about 1.4% to 8,510 points, retreating after Wall Street's sell-off on Friday when artificial intelligence enthusiasm collided with inflation concerns.
- Fresh drone attacks in the Gulf pushed oil prices higher, sparking a global bond rout as markets priced in tighter monetary policy and renewed inflation fears amid the ongoing Iran conflict.
- Nvidia dropped 4.4% and Micron Technology fell 6.6%, as tech stocks led the decline with artificial intelligence hype colliding against worsening inflation worries from rising energy costs.
- The 10-year US Treasury yield jumped to 4.63%, increasing borrowing costs, while Sydney auction clearance rates fell to just under 50%—the weakest result since early 2020.
- Investors await Q1 earnings for Nvidia later this week, with traders building bets that the Fed may hike rates in 2026 amid persistent inflation pressures.
12 Articles
12 Articles
ASX down after Wall Street losses, AUD also lower, oil rises — as it happened
The ASX 200 finishes the first session of the trading week with a fall of 1.45 per cent, continuing its downward trend this month. Meanwhile, uncertainty over the Iran war has sent Brent crude oil above $110 a barrel.
Sydney Morning Herald
ASX losses accelerate as oil prices rattle markets; Elders tumbles
The Australian sharemarket has extended early losses after higher oil prices and growing inflation concerns sent a shiver through the bond market over the weekend.
Future Europeans point to a fall of close to 1% and Wall Street expects results from Nvidia
Market Open: Red Friday for Wall Street implies pain at home. So do US inflation jitters
Good Morning and welcome to HotCopper’s Market Open, I’m Jon Davidson and the ASX is set for more pain on Monday with futures implying a drop of -0.3%. Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more. That lacklustre sentiment follows a red close on Wall Street on the Friday session with a mix of profit taking, and nerves, sending the US inde…
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