sector rotation

The S&P/ASX 200 closed at 8,642 points on Friday, its lowest level since mid-July, as a broad-based sell-off erased $48 billion in market value across the session.

The Australian share market is outperforming global peers for the first time in more than a year. The recovery has been driven by a sharp sector rotation.

The August 2026 ASX reporting season demolished two dominant pre-season fears, triggering sharp sector rotation as institutional capital rotated.