Two charts, one crisis: Australia’s top-heavy sharemarket trap exposed

Forget SpaceX, the biggest issue in Australian markets is the way the top-10 stocks are running away from the rest.

Clear-headed fund manager Allan Gray has nailed Australia’s big equity market problem in just two charts.

In the past decade, the ASX’s 10 biggest stocks have easily outperformed the 290 below them. In fact, they’ve seriously smashed them.

Source: https://www.afr.com/chanticleer/two-charts-one-crisis-australia-s-top-heavy-sharemarket-trap-exposed-20260615-p606vk