{"id":80298,"date":"2026-02-07T18:26:07","date_gmt":"2026-02-07T21:26:07","guid":{"rendered":"https:\/\/tech.einnews.com\/article\/890362783"},"modified":"2026-02-07T18:26:07","modified_gmt":"2026-02-07T21:26:07","slug":"asx-200-financials-flew-but-tech-and-mining-shares-faltered-last-week","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/02\/07\/asx-200-financials-flew-but-tech-and-mining-shares-faltered-last-week\/","title":{"rendered":"ASX 200 financials flew but tech and mining shares faltered last week"},"content":{"rendered":"
<\/div>\n

ASX 200 financial shares<\/a> led the market during a difficult week, rising 1.52% over the five trading days.<\/p>\n

The S&P\/ASX 200 Index<\/strong> (ASX: XJO) closed 1.81% lower at 8,708.8 points as earnings season<\/a> got underway. <\/p>\n

The week began with a commodities rout<\/a> that pummelled ASX 200 mining shares. <\/p>\n

Investors took profits as metals, particularly gold and silver, plunged on news of the US President’s Fed chair pick<\/a>. <\/p>\n

On Tuesday, a 0.25% interest rate hike<\/a> in Australia benefitted the ASX 200 financial sector but created pain for tech.<\/a><\/p>\n

ASX 200 tech shares fell almost 12% last week. The sector is now down almost 20% in the year to date<\/a>. <\/p>\n

Out of the 11 market sectors<\/a>, only two finished the week in the green.<\/p>\n

Let’s review.<\/p>\n

Financial shares led the ASX sectors last week<\/h2>\n

Share price performance varied across the ASX 200 financial sector, which incorporates bank shares<\/a>, insurers, fund managers, and more.<\/p>\n

The Commonwealth Bank of Australia<\/strong> (ASX: CBA<\/a>) share price soared 6.39% to finish at $158.91 on Friday. <\/p>\n

CBA will reveal its 1H FY26 results on Wednesday.<\/p>\n

Australia and New Zealand Banking Group Ltd<\/strong> (ASX: ANZ<\/a>) shares closed the week at $37.01, up 0.84%.<\/p>\n

Westpac Banking Corp<\/strong> (ASX: WBC<\/a>) shares ascended 1.57% to $39.43. <\/p>\n

National Australia Bank Ltd<\/strong> (ASX: NAB<\/a>) shares fell 0.02% to $43.36. <\/p>\n

The Macquarie Group Ltd<\/strong> (ASX: MQG<\/a>) share price lost 2.05% to close at $207.83. <\/p>\n

Among the investment companies and fund managers, Washington H. Soul Pattinson and Co Ltd<\/strong> (ASX: SOL<\/a>) shares fell 4.09% to $37.01. <\/p>\n

GQG Partners Inc<\/strong> (ASX: GQG<\/a>) shares rose 7.96% to $1.70. <\/p>\n

Shares in Argo Investments Ltd <\/strong>(ASX: ARG<\/a>), which reports on Monday, descended 0.77% to $9.02 apiece. <\/p>\n

Among the financial services providers, AMP Ltd<\/strong> (ASX: AMP<\/a>) shares fell 2.94% to $1.65. <\/p>\n

AMP will release its 1H FY26 results on Thursday. <\/p>\n

The Challenger Ltd<\/strong> (ASX: CGF<\/a>) share price dropped 3.15% to $8.92. <\/p>\n

Buy now, pay later<\/a> share Zip Co Ltd<\/strong> (ASX: ZIP<\/a>) fell 10.19% to $2.38.<\/p>\n

Among the ASX 200 insurers, Medibank Private Ltd<\/strong> (ASX: MPL<\/a>) shares fell 1.08% to $4.57. <\/p>\n

The QBE Insurance Group Ltd<\/strong> (ASX: QBE<\/a>) share price ascended 2.23% to $20.18. <\/p>\n

Insurance Australia Group Ltd <\/strong>(ASX: IAG<\/a>) shares rose 1.71% to $7.73. <\/p>\n

IAG will release its 1H FY26 results on Thursday. <\/p>\n

See our earnings calendar<\/a> to find out when the companies you’re invested in will announce their dividends<\/a>. <\/p>\n

ASX 200 market sector snapshot<\/h2>\n

Here’s how the 11 market sectors stacked up last week, according to CommSec data.<\/p>\n

Over the five trading days:<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
S&P\/ASX 200<\/strong> market sector<\/strong><\/td>\nChange last week<\/strong><\/td>\n<\/tr>\n
Financials <\/strong>(ASX: XFJ)<\/td>\n1.52%<\/td>\n<\/tr>\n
Consumer Staples<\/strong> (ASX: XSJ)<\/td>\n0.03%<\/td>\n<\/tr>\n
Consumer Discretionary <\/strong>(ASX: XDJ)<\/td>\n(1.36%)<\/td>\n<\/tr>\n
Healthcare <\/strong>(ASX: XHJ)<\/td>\n(2.39%)<\/td>\n<\/tr>\n
Energy <\/strong>(ASX: XEJ)<\/td>\n(2.4%)<\/td>\n<\/tr>\n
Industrials <\/strong>(ASX: XNJ)<\/td>\n(2.42%)<\/td>\n<\/tr>\n
Communication<\/strong> (ASX: XTJ)<\/td>\n(3.88%)<\/td>\n<\/tr>\n
A-REIT<\/strong> (ASX: XPJ)<\/td>\n(4.08%)<\/td>\n<\/tr>\n
Materials <\/strong>(ASX: XMJ)<\/td>\n(4.12%)<\/td>\n<\/tr>\n
Utilities<\/strong> (ASX: XUJ)<\/td>\n(4.72%)<\/td>\n<\/tr>\n
Information Technology <\/strong>(ASX: XIJ)<\/td>\n(11.91%) <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n

<\/a><\/strong> <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

… but created pain for tech<\/span>. ASX 200 tech<\/span> shares fell almost 12% … \u00c2\u00a0(ASX: XUJ) (4.72%) Information Technology<\/span>\u00c2\u00a0(ASX: XIJ) (11.91%)<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-80298","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/80298","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=80298"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/80298\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=80298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=80298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=80298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}