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Commonwealth Bank shares slump record 10.4% as budget weighs on lenders | Finance Report | ABC NEWS
The federal budget weighed on banks as analysts warned changes to capital gains tax and negative gearing would cut lending for investment properties.
Commonwealth Bank shares suffered their largest one-day fall on record, closing 10.4% lower.
Meanwhile, the price of oil fell slightly after a lack of fanfare from US President Donald Trump about the war in Iran.
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Read more here: https://www.abc.net.au/news/2026-05-13/asx-markets-business-news-live-updates-may-13/106672080
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