ASX Slumps Amid Housing Shock | Australia News

Australia’s markets kicked off the new financial year on shaky ground as the ASX 200 dipped amid fresh housing data revealing the biggest monthly drop since 2022, sending major banks and Coles tumbling. While banks like CBA, Westpac, NAB, and ANZ all slid, CSL led healthcare gains. Coles faced regulatory hurdles in Kalgoorlie and sparked speculation over a potential Greencross buyout. Meanwhile, Magellan is rebranding as Barrenjoey post-merger, and South 32 is offloading its aluminium unit for $9.8 billion — a reminder that Australia’s market swings wildly by sector, with mergers and big sales lighting up the landscape. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/356f8e003d7f42e7