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Markets / The Economic Times

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Australian shares log decade's worst November as expensive banks slide

Australian shares experienced their worst November in over a decade, with the S&P/ASX 200 index falling 3%. Heavyweight banks declined due to lofty valuations and margin pressures, while strong inflation and employment data diminished hopes for near-term rate cuts. Resources stocks, however, continued their upward trend.

28 Nov 2025 12:20 pm