CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.96% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

Australia shares reclaim 9,000 mark as hopes for end to Iran war rise

By Reuters News

By Nikita Maria Jino and Shravya Marakini

Nov 5 (Reuters) - Australian shares rose the most in more than a year, surging past the 9,000 level on Thursday after US voters rebuked President Donald Trump at midterm elections, boosting hopes for an end to the Iran war.

The S&P/ASX 200 index .AXJO closed up 2.6% at 9,065.10, its highest level since September and its strongest trading session since April 2025.

Australia joined a global stock rally triggered after voter anger over Trump's policies, particularly the Middle East conflict's impact on rising living costs, helped Democrats notch a sweeping victory over Republicans. MKTS/GLOB

Crude prices tumbled below $100 a barrel on hopes that a weakened Trump has greater incentive to seek a resolution in the Middle East, which could restore oil flows from the region. O/R

"Australian equities are staging a powerful relief rally today...the gains across eight of the 11 sectors suggest investors are regaining their appetite for risk," said Hebe Chen, senior market analyst at Vantage Markets.

The resources sub-index .AXMM was the top gainer on the benchmark, up nearly 8% in its strongest session since March 2020. BHP BHP.AX and Rio Tinto RIO.AX ended up 6.2% and 7%, respectively.

Healthcare stocks .AXHJ advanced 3.6% while the technology sub-index .AXIJ jumped 10.1%.

Flag carrier Qantas QAN.AX benefitted from the oil price slump, surging 6.2% while rival Virgin Australia VGN.AX added 11.2%.

Energy stocks .AXEJ, however, dipped 4.8% to their lowest close since late July. Woodside Energy WDS.AX and Santos STO.AX fell 6% and 5.4%, respectively.

Financials .AXFJ also ended in the red, as National Australia Bank NAB.AX dropped 5.4% after reporting a larger-than-expected drop in annual profit and a nearly 86% rise in credit impairment charges.

NAB's sharp selloff looks driven by its own earnings miss, though the wider banking outlook is getting cloudy as rate shifts, a softening property market and borrower strain squeeze the majors, Chen said.

In New Zealand, the S&P/NZX 50 index .NZ50 rose 2.2% to finish at a record 14,090.97.

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.