Market Close 18 Sep 25: Santos takeover collapse weighs on market

Australian shares extended losses on Thursday, with the ASX200 down 0.8%. Energy stocks were the hardest hit after Santos tumbled nearly 12% on news a $30 billion takeover bid collapsed. CSL slipped below $200 for the first time since 2019, while Origin Energy and CBA also weighed on the market. In contrast, Nuix surged on a major contract win and uranium miners bounced back. Meanwhile, a weaker-than-expected jobs report adds weight to the case for an RBA cut later this year.

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