Swingfolio Daily
ASX briefings — Tuesday 12 May 2026
Morning setup and afternoon close recap for Tuesday 12 May 2026. Observations only — no trade advice.
Tuesday 12 May 2026
S&P 500 closes at 7,412.84 record; ASX heads into Budget night after CSL's 16% rout
Wall Street closed at fresh records on 11 May 2026 (S&P 500 7,412.84 +0.19%, Nasdaq 26,274.13 +0.10%, Dow 49,704.47 +0.19%) but VIX rose 6.92% to 18.38. Gold extended to US$4,749.90/oz (+0.45%) and Brent held US$104.30 (+0.09%). Locally, CSL.AU fell 15.96% to A$100.75 — its biggest one-day decline on record — after cutting FY26 NPAT guidance to US$3.1bn and flagging US$5bn in impairments. ASX 200 closed -0.49% at 8,701.80; SPI 200 June futures -0.11% at 8,723 ahead of Treasurer Chalmers' Budget 2026-27 speech tonight.
ASX 200 -0.36% to 8,670.7 as miners offset a tech, bank and healthcare slide; CSL slips below A$100
The S&P/ASX 200 closed 8,670.7 on 12 May 2026, down 0.36% — a second straight fall. Big miners rallied 2-4% (BHP.AU +2.49%, RIO.AU +3.13%, NEM.AU +4.37%, NST.AU +3.23%) but a tech selloff (WTC.AU -5.87%, SDR.AU -6.03%), uniform bank weakness (CBA.AU -1.40%, NAB.AU -2.09%, ANZ.AU -2.12%) and a second health-care fall (CSL.AU -2.18% to A$98.55) dragged. Life360 (360.AU) -10.89% on trimmed FY26 user guidance; DroneShield (DRO.AU) -9.92% on an ASIC notice. Brent +2.51% to US$106.83 after Trump called the Iran ceasefire 'unbelievably weak'; the close came ahead of tonight's federal budget.