The S & P/ASX 200 fell 8.1 points, or 0.1 per cent, to 8946.9, with six of the 11 sectors in the red.

Australian shares snapped a three-week winning streak as investors trimmed positions before the weekend, with caution returning across Asia despite tentative progress on extending the US-Iran ceasefire. The S & P/ASX 200 fell 8.1 points, or 0.1 per cent, to 8946.9, with six of the 11 sectors in the red. The benchmark lost 0.2 per cent for the week after posting its strongest rise in four years on hopes tensions in the Middle East would ease. Asian equities also retreated as investors weighed ceasefire negotiations and the potential reopening of the Strait of Hormuz, a key artery for global oil supply, with elevated energy prices continuing to stoke inflation concerns, keeping interest rate risks in play. Retailers fell the most after Citi warned that high oil prices and tighter financial conditions could affect earnings through to mid-2027. Harvey Norman fell 3 per cent to $4.57 and JB Hi-Fi dropped 0.5 per cent to $76.07 after earnings downgrades of 16 per cent and 8 per cent, respectively. Wesfarmers lost 1.6 per cent to $72.85 after being cut to “sell”. Gold stocks were sold despite bullion rising for the week. Evolution Mining fell 2 per cent to $13.58, Northern Star 2.2 per cent to $23.76 and Catalyst Metals 5 per cent to $6.43. Brent crude fell 1.3 per cent to $US98.09 as US President Donald Trump expressed optimism about a longer-term ceasefire. Woodside Energy eased 0.2 per cent to $32.73 and Ampol declined 0.8 per cent to $32.93. Financials were mixed as investors continued to rotate away. National Australia Bank fell 2 per cent to $42.55 and Westpac by 0.7 per cent to $39.73. Commonwealth Bank added 0.1 per cent to $178.23, and ANZ 0.5 per cent to $37.92. Technology gained 13 per cent for the week. WiseTech Global rose 2.9 per cent to $46.18 and NextDC 1.6 per cent to $14.12. Stocks in focus In company news, Zip jumped 13.7 per cent to $2.33 after upgrading full-year earnings guidance, with US transaction volumes and revenue rising 43 per cent in the third quarter. Paladin Energy rose 2.8 per cent to $14.54 after upgrading production guidance for its Langer Heinrich uranium mine following a stronger ramp-up. Alcoa dropped 3.5 per cent to $96.49 after first-quarter revenue of $US3.2 billion (44.5 billion) fell short of analysts’ expectations. Temple & Webster fell 6.5 per cent to $6.66 after Citi cut earnings forecasts for FY26 to FY28 by 12 per cent to 19 per cent, citing weaker web traffic, declining app users and rising macro pressures.

China's wholesale prices rose at the fastest pace in nearly four years in May.

Trump Media & Technology Group (DJT) has drawn fresh attention after recent share price swings.

On June 9, 2026, the tech-heavy Nasdaq Composite plunged 2.17%, losing more than 560 points as AI and semiconductor stocks extended their sell-off.