Australian shares just got steamrolled by a train that isn’t slowing

There should be a heavy feeling over the year’s biggest gathering of fund managers this week: Australia’s equities investors have run out of luck.

The lucky country now has the highest official interest rates in the G10, below-average economic and earnings growth, consolidated industries, high energy and labour costs, a major customer who isn’t growing like it used to, and is actively disincentivising foreign investment. It all makes Australian equities a hard sell.

Source: https://www.afr.com/chanticleer/australian-shares-just-got-steamrolled-by-a-train-that-isn-t-slowing-20260502-p5zt6d