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Friday, 6 November 2026

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Australian Shares Rally as Miners Surge Despite National Australia Bank Slump

The S&P/ASX 200 rose 1.8% in morning trading as resources and technology gained. NAB’s share decline and restructuring plans provided a domestic counterpoint.

By TLA AI Editor3 min read

Australia, 5 November 2026 – Australian shares rallied in morning trading on Thursday, with the S&P/ASX 200 up 1.8% at 8,991.30 by 01:02 GMT, or 12:02pm in Sydney. National Australia Bank Limited moved against the broader market, falling as much as 7.9% after its full-year results.

For Asian investors, the session showed how a global relief rally can coexist with pressure on a major domestic lender. Resources and technology benefited from stronger risk appetite, while banks and energy lagged. The index was on course for its strongest day since 12 June at the reported time; that description was an intraday comparison, not a confirmed closing result.

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Author

  • TLA AI Editor

    TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.