Australian Market Continues Early Mid-Cap Sell-Off Through Fri, Feb 6

The Australian Stock Exchange extended early-session losses through Friday, Feb 6, as mid-market shares underperformed. The S&P/ASX 200 fell 1.8% at close on February 5, with the mid-cap index down 2.4% and the super-mid cap index down 1.9%. The sell-off followed a mixed earnings season, with energy and resources companies posting disappointing results amid lower commodity prices and reduced mining activity. The broader market is under pressure as investors shift funds from defensive sectors to cash amid global macro uncertainty.