S&P/ ASX 200 closes flat as banks lift index 8,784
Published on 10/13/2026 at 13:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS- The S&P/ASX 200 closed at 8,783.90 points on October 13, up 0.7 points or 0.01 percent.
- RBA minutes kept another rate hike in focus after the cash rate reached 4.60 percent.
- Commonwealth Bank gained 2.3 percent, while technology stocks fell 4.4 percent.
- China releases September CPI on October 14 at 9:30 a.m. HKT.
- Financials rose 1.4 percent as seven of 11 sectors finished higher.
The S&P/ASX 200 closed on October 13 at 8,783.90 points, up 0.7 points or 0.01 percent. The benchmark recovered from early losses as banks offset a technology sell-off, Yahoo Finance reported.
Commonwealth Bank rose 2.3 percent, the strongest gain among the major lenders. Its advance helped financials rise 1.4 percent, while the Reserve Bank of Australia's minutes kept inflation risks and further rate increases in focus.
Why did the S&P/ASX 200 finish flat?
The index traded lower for much of the session before banks supported a late recovery. Technology stocks fell 4.4 percent as concerns about artificial-intelligence valuations and Chinese chip competition spread across the region, Mining.com.au reported.
The RBA minutes said the board unanimously raised the cash rate to 4.60 percent and would tighten again if needed. The release cited persistent inflation risks and domestic cost pressures, The Business Times reported.
Winners and losers in the S&P/ASX 200
Winners and losers at the October 13 close according to FNArena:
- Commonwealth Bank up 2.3 percent: banks led gains.
- National Australia Bank up 1.9 percent: financials strengthened.
- Westpac up 1.5 percent: lenders rebounded.
- Rio Tinto down 2.4 percent: miners weakened.
- BHP Group down 1.8 percent: mining shares tracked the broader commodity and AI concerns.
- Codan down 6.0 percent: technology shares sold off.
What comes next for the S&P/ASX 200
- October 14, 2026, 9:30 a.m. HKT: China releases September consumer price data, Onequity reports.
- October 15, 2026, 11:30 a.m. AEDT: Australia releases September labor-force data, InvestingLive reports.
