ASX 200 Plunges Below 8700 Amid Global Central Banks' Rate Hikes

The Australian stock market continued its decline on September 15, 2026, as the ASX 200 index fell 92.3 points (-1.05%) to a near-11-week low of 8657.1.

This drop follows last week's significant loss of 264 points (-2.94%), with the market down 4.50% for the month, surpassing its September average fall of -1.78%. The index has now fallen below 8700 and is at risk of further decline towards the support level of 8262.

The global central banks' decision to tighten interest rates contributed to this downward trend. The US 10-year yield rose above 5.02%, its highest level since 2007, ahead of expected rate hikes from major central banks, including the Federal Reserve and the Bank of Japan.