Part 7/8:
The positive momentum in commodities, particularly iron ore, was partly driven by geopolitical and infrastructural developments. China's large hydroelectric dams in Tibet promise increased steel demand, supporting iron ore prices and Australian miners.
Conclusion
Overall, the Australian share market has recently been marked by sharp sell-offs in banking stocks and sector-driven shifts. While some industries like healthcare, mining, and infrastructure-related materials posted gains, the overarching theme remains one of caution. Investors continue to weigh the implications of global economic movements, geopolitical projects, and domestic concerns affecting the banking sector.