ASX Sheds Over 1% as Market Slips to One-Month Low

February 20, 2025 11:51 AM AEDT | By Team Kalkine Media

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ASX Sheds Over 1% as Market Slips to One-Month Low — Image source: shutterstock

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Highlights

ASX 200 falls over 1% in early trading.

Market heads toward lowest closing level in a month.

Key sectors and major stocks experience declines.

The S&P/ASX 200 Index (ASX:XJO) experienced a decline of more than 1% on Thursday morning, with losses pushing the benchmark index toward its lowest closing level in a month. Market sentiment remained subdued as investors navigated economic concerns and sector-wide weaknesses.

Key Sectors See Widespread Declines

The downturn impacted various sectors, with financials, materials, and technology leading the decline. Major players such as (ASX:BHP) and (ASX:RIO) saw notable movements as commodity prices remained under pressure. The broader materials sector faced headwinds, reflecting global demand uncertainties.

Meanwhile, financial stocks, including (ASX:CBA) and (ASX:NAB), also faced selling pressure amid shifting interest rate expectations. The technology sector was not immune either, with (ASX:XRO) experiencing declines in line with broader global tech trends.

Market Sentiment and Economic Impact

Investors continued to weigh macroeconomic factors, including inflation concerns and potential interest rate adjustments, which have played a role in shaping market direction. The uncertain outlook has led to cautious positioning, with traders assessing future movements in the domestic and global markets.

What’s Next for the ASX?

With the market edging closer to a one-month low, attention remains on upcoming economic data and corporate earnings reports, which could influence further movements. The performance of key sectors, including banking, resources, and technology, will be closely monitored for signs of stabilization or further downside risks.

As volatility persists, market watchers will be evaluating broader economic indicators and external influences, including global market trends and central bank policy shifts.

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