ASX 200 Drops to Seven-Week Low After Brambles, Tuas Slide
Australian shares fell to a seven-week low Monday, with the S&P/ASX 200 down 1.45% as company downgrades and higher oil prices pressured markets. Brambles dropped 20.2% after cutting its 2026 profit outlook, citing US$60 million in U.S. network costs. Tuas plunged 62.8% after a Singapore merger review was suspended. The Australian dollar slipped to 71.36 U.S. cents.