ASX 200 closes 5 points higher as iron ore tops US$100 and tech falls 2.6%

ASX 200 close: 9,010.9 (+0.06%) Breadth: 109 advancers / 120 decliners across the 250 largest ASX names Sentiment: mixed

The S&P/ASX 200 closed at 9,010.9 on 7 September 2026, up 5.0 points or 0.06%, with iron ore and energy names covering a 2.60% fall in Information Technology. Ingenia Communities INA.AU rose 14.79% to $4.19 after rejecting a $4.75 per security cash proposal from Warburg Pincus that was conditional on Ingenia dropping its agreed acquisition of Peet PPC.AU, which fell 7.37%. Singapore iron ore futures traded above US$100 a tonne for the first time in seven weeks, and Brent sat on Friday's US$96.28 settle after US strikes on three Iranian tankers over the weekend.

What moved the index

• Materials, +0.42%: worth about 8 bps of the 5.6 bps index move. FMG.AU +3.19%, BHP.AU +1.09% and RIO.AU +0.83% as Singapore iron ore reached US$101.10 intraday, its highest level since 2 July.
• Energy, +1.78%: worth about 8 bps. WHC.AU +7.03%, NHC.AU +4.10%, YAL.AU +3.92% and WDS.AU +1.57% priced Middle East supply risk after Iran said it would declare a restricted maritime zone beyond the Strait of Hormuz.
• Information Technology, -2.60%: worth about -9 bps. XRO.AU -3.94%, TNE.AU -3.89% and WTC.AU -3.79% extended a de-rating that has taken about 11% out of the sector in two weeks, tracking Friday's 162,000 US August payrolls print against a 53,000 consensus.
• Health Care, -0.81%: worth about -6 bps. CSL.AU -0.76%, COH.AU -1.65% and PME.AU -2.86%.

Those four sectors net to roughly +1 bp. Financials at +0.15% on about a third of index weight supplied the other 5 bps, which is the whole 5.6 bps move: CBA.AU +0.70% and NAB.AU +0.48% against MQG.AU -0.81%.

Session highlights

• 9,043.3 was the intraday high and 8,999.4 the low, so the close sat 32.4 points off the best of the day and 11.5 above the worst.
• 109 advancers against 120 decliners across the 250 largest ASX names: more of the large end fell than rose on a day the index closed up.
• RSG.AU -3.39%, BGL.AU -3.24% and EVN.AU -1.39% dragged the All Ordinaries Gold index down 1.24% on the same session that FMG.AU gained 3.19%.
• WOR.AU +2.76% after BHP.AU awarded it engineering work on the Olympic Dam and Carrapateena copper expansions.
• KOSPI +4.61% to 6,995.39 and the Nikkei 225 +2.12% to 66,399.84 on semiconductor and AI hardware buying. The ASX tech sector is software rather than chips, and it fell 2.60% on the same session.

Sector scorecard

• Best: Energy (+1.78%)
• Worst: Information Technology (-2.60%)
• Dispersion (best minus worst): 4.38 pts
• Materials had the widest internal range: BCI.AU +4.46% and FMG.AU +3.19% at one end, RSG.AU -3.39%, LTR.AU -3.27% and PLS.AU -3.14% at the other, for a +0.42% sector print.

Top movers

Notable announcements

• Warburg Pincus lodged a non-binding cash proposal for Ingenia Communities INA.AU at $4.75 per security, conditional on Ingenia abandoning the Peet PPC.AU acquisition it announced in late August. The Ingenia board rejected it.
• BHP.AU awarded Worley WOR.AU engineering work on the Olympic Dam and Carrapateena copper expansions.
• ASB.AU +2.08% after Austal confirmed interest from Wildcat Infrastructure in its US business.

Offshore markets at 17:30 AEST

The NYSE, Nasdaq and the US Treasury market closed for Labor Day, and the futures feed carries no Monday settle for Brent, WTI or gold. Brent's Friday settle of US$96.28 was 6.40% above its 31 August settle of US$90.49.

Next 24h catalysts (AEST)

• Tue 10:30: Westpac consumer confidence
• Tue 11:30: NAB business confidence
• Tue 13:20: RBA's Hunter speaks, with Hauser at 19:30
• Tue 23:30: US cash equities and Treasuries reopen after Labor Day
• Wed 11:30: China August CPI and PPI, with the August trade balance at 13:00
• Fri 11 Sep: US August CPI, three trading days before the 15 to 16 September FOMC decision

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