FEAR & GREED | Business News Afternoon Report | ASX slips to three month low
5 snips
Mar 16, 2026 Markets slip as the ASX hits a three-month low with miners and gold stocks tumbling. Regional volatility from a Middle East drone attack disrupts flights and rattles investors. Political polling shows One Nation surging while voters shift toward minor parties. A Nationals reshuffle brings leadership moves and a high-profile media figure steps aside amid criminal charges. Oscars wrap with Australians missing out.
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Mining Slump Pushes ASX To Three Month Low
- The ASX 200 fell 0.4% to 8,583, hitting a three-month low driven largely by miners and gold stocks.
- BHP, Rio Tinto, Fortescue and South32 led declines as iron ore eased and South32 paused a Mozambique aluminium smelter, weighing the market.
Gold Price Dip Hits Miners Hard
- Gold miners fell as the gold price slipped slightly, even though gold remains around US $5,000 an ounce.
- Newmont dropped just over 4% and Regis Resources fell more than 8%, showing sensitivity to small metal price moves.
Middle East Tension Keeps Energy Stocks Afloat
- Energy stocks bucked the broader market as oil stayed elevated amid Middle East volatility, lifting Woodside and Santos about 2%.
- A drone attack near Dubai forced flight diversions, underlining how geopolitical shocks support energy prices.