Market Alert : Global and Australian Tech Stocks Hit Hard by Growing AI Concerns

Mid-Market: S&P/ASX 200 Trading Higher; ANZ Gained More Than 6%

Source: Kapitales Research

On 12 February 2026, at AEDT 12:00 PM, the benchmark index S&P/ASX 200 is trading higher today, gaining 50.80 points or 0.56%, and is currently trading at 9,065.60 levels. Out of 11, 5 sectors are trading higher along with the gain in the S&P/ASX 200.

The Utilities and Materials sectors are the top 2 gaining sectors, gaining 3.93% and 1.45% in their index values. On the other hand, Healthcare and Information Technology sectors are the top 2 declining sectors, declining 4.86% and 3.74%% in their index values.

Orora Limited (ASX: ORA) and ANZ Group Holdings Limited (ASX: ANZ) are the top-gaining stocks, gaining 8.636% and 6.801% in their stock prices. On the other hand, AMP Limited (ASX: AMP) and Temple & Webster Group Limited (ASX: TPW) are the top-losing stocks and are declining by 26.648% and 25.662% in their stock prices.

Factors influencing the market-

  • The Australian share market began today’s session at an all-time high, driven by ANZ’s December quarter cash profit of $1.94 billion, which significantly outperformed market forecasts.
  • AMP Limited’s shares tumbled 25% as investors reacted to the 11.3% drop in full-year net profit to $133 million after the “settlement of legacy legal matters and business simplification”.
  • Temple & Webster plunged 23% as it suffered a 36% slump in net profit after tax to $5.76 million in the six months ended December 31.
  • Pro Medicus dived more than 15% as reported a first-half profit of $171.2 million, up 230.9% from a year earlier, as revenue and contract wins accelerated in North America.
  • South32 gained 5.0% as it recorded half-year underlying net profit of US$464 million ($651 million), up 29% on the year earlier.
  • Paladin Energy rose 1% as it recorded a net loss after tax of US$6.6 million, narrowing from a US$15.1 million loss a year ago, reflecting ongoing ramp-up costs at Langer Heinrich and expenses linked to the Fission Uranium acquisition, TSX listing and financing activities.
  • Utilities led the market gains, supported by a 5% rise in Origin Energy’s share price after the company lifted its energy markets underlying EBITDA guidance to between $1.55 billion and $1.75 billion, up from the previous range of $1.4 billion to $1.7 billion.
  • The Dow Jones closed down by 0.13%, S&P 500 declined by 0.01% and Nasdaq was down by 0.16% in the previous session.
  • Hang Seng is up by 0.31%, and FTSE 100 is up by 1.14%.

 

 

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