ASX 200 Climbs 0.85% as Banks, Healthcare, and Defence Stocks Lead the Rally

On Monday, September 29, 2025, the S&P/ASX 200 surged 0.85% to 8,862, marking a notable rebound from earlier market volatility. The rally was propelled by strong performances in the banking, healthcare, and defence sectors, even as energy and technology stocks faced downward pressure. This uptick coincided with global market movements, including a record high for gold prices and investor concerns over a potential U.S. government shutdown.

The Australian equity market’s advance was broad-based, with the All Ordinaries Index gaining 0.76% to 9,148.50. Banks such as Commonwealth Bank of Australia. . .