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Banks Drag ASX Despite Record US Highs

Bank shares dragged the ASX200 lower as Wall Street set records, with five of 11 sectors in the red and healthcare leading gains.

Wall Street’s record-breaking session could not save the Australian sharemarket from closing lower - amid a dip in banking and mining shares.

Bias Distribution

  • 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Left

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IBTimes Australia broke the news in New York, United States on Wednesday, October 7, 2026.
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