ASX 200 Gains on Late-Session CBA Surge: BHP, RIO Hit Records (2026)

The ASX 200 closed 10.3 points higher, up 0.12%, as a last-hour rally in major banks, led by Commonwealth Bank (CBA), offset broader selling across technology, consumer, and gold stocks. Materials held the line with BHP and Rio Tinto closing at record highs for a third consecutive session. The market's performance reflects a mix of sector-specific movements and broader economic trends, with a focus on the impact of the federal budget and global market dynamics. The Evening Wrap provides a comprehensive overview of the day's key economic data, sector performance, and stock-specific moves, along with broker responses and technical analysis insights.