14 Nov 2025 | 3 Mins Read
Aussie stocks plunge in severe sell-off amid mining and banking sector
Flipitmoney
Australian shares fell 1.5% to 8,623.30 on Friday, thus hitting their lowest level since mid-July. The S&P/ASX 200 index declined 0.5% on Thursday, with losses mainly driven by miners, financials, and fading hopes for a domestic rate cut this year. Mining giants BHP Group and Rio Tinto fell 2% each.