Mid-Market: S&P/ASX 200 Trading Lower; All 11 Sector Are Trading In Red Zone

Source: Kapitales Research

On 06 February 2026, at AEDT 12:45 PM, the benchmark index S&P/ASX 200 is trading lower today, declining 155.10 points or 1.74%, and is currently trading at 8,734.10 levels. All 11 sectors are trading lower along with the decline in the S&P/ASX 200. The Information Technology and A-REIT sectors are the top 2 declining sectors, declining 5.28% and 3.06% in their index values.

Resmed Inc. (ASX: RMD) and Brambles Limited (ASX: BXB) are the top-gaining stocks, gaining 2.108% and 1.958% in their stock prices. On the other hand, Web Travel Group Limited (ASX: WEB) and Deep Yellow Limited (ASX: DYL) are the top-losing stocks and are declining by 29.524% and 11.400% in their stock prices.

Factors influencing the market-

• The Australian stock market has experienced its largest drop in almost three months, driven by declining commodity prices, significant losses in US tech stocks, and a downturn in cryptocurrencies, all of which have weakened investor risk appetite.
• Technology stocks are set to decline by over 13% this week, fueled by increasing concerns over the potential impact of AI on software development companies. WiseTech Global fell by 6.3%, NextDC dropped 6.4%, and TechnologyOne saw a 5% decline. Moreover, Concerns about AI impacted uranium miners, with fears that it might not drive a surge in nuclear power demand. Deep Yellow plunged 11.2%, while Paladin fell 9.0%.
• REA Group dropped 10% after its first-half results fell short of market expectations. New residential listings, revenue, profit, and dividends all declined, and operating costs in Australia rose faster than revenue.
• News Corp slipped 2.2%, as growth at Dow Jones and its digital real estate businesses helped counterbalance weaker performance in its Australian news division during the December quarter.
• Gold and silver prices dropped in early Asian trading today, continuing the significant losses from the previous session. A combination of profit-taking, reduced geopolitical tensions, and a stronger dollar weighed heavily on the metal markets. Silver continued to lag behind, having lost about 15% on Thursday, while gold was nearly $1,000 an ounce below the record high reached just last week.
• The Dow Jones closed down by 1.20%, S&P 500 declined by 1.23% and Nasdaq was down by 1.59% in the previous session.
• Hang Seng is down by 1.78%, and FTSE 100 is down by 0.90%.

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