ASX 200 down 0.1%: APRA removes bank dividend restrictions, Fortescue slides, Zip higher

Fortescue Metals Group Limited (ASX:FMG) and Zip Co Ltd (ASX:Z1P) shares are making a splash on the ASX 200 on Tuesday…

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

At lunch on Tuesday the S&P/ASX 200 Index (ASX: XJO) is on course to give back some of yesterday's gains. The benchmark index is currently down 0.1% to 6,651.3 points.

Here's what has been happening on the market today:

APRA removes dividend restrictions.

Shareholders of Commonwealth Bank of Australia (ASX: CBA) and the rest of the big four banks were given a lift today after APRA revealed that it will no longer hold banks to a minimum level of earnings retention. This means the big four will be able to pay out as much as their earnings to shareholders as they see fit. Though, APRA has requested the banks be vigilant with their dividend payments.

Iron ore price pulls back.

BHP Group Ltd (ASX: BHP) and Fortescue Metals Group Limited (ASX: FMG) shares have come under pressure today and are weighing on the ASX 200. Investors have been selling their shares after the price of iron ore pulled back during overnight trade. According to CommSec, the spot iron ore price dropped approximately 3.9% to US$154.50 a tonne.

Zip signs Harvey Norman partnership.

The Zip Co Ltd (ASX: Z1P) share price is pushing higher today after announcing a partnership with the franchisees of Harvey Norman Holdings Limited (ASX: HVN) and its subsidiaries Domayne and Joyce Mayne. The partnership will see the retailers offer their customers the ability to pay with Zip's BNPL payment solutions.

Best and worst ASX 200 performers.

The Reliance Worldwide Corporation Ltd (ASX: RWC) share price has been the best performer on the ASX 200 on Tuesday with a 3.5% gain. This is despite there being no news out of the plumbing parts company. The worst performer has been the Mesoblast limited (ASX: MSB) share price with a 12% decline following the release of disappointing trial results.

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Reliance Worldwide Limited and ZIPCOLTD FPO. The Motley Fool Australia has recommended Reliance Worldwide Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Market News

White declining arrow on a blue graph with an animated man representing a falling share price.
Materials Shares

Experts call time on these rip-snorting ASX 200 mining shares

These 2 ASX 200 mining stocks have risen by 160% and 230%, respectively, over the past 12 months.

Read more »

man and woman calculating financial assests
Share Market News

DroneShield hits $200m milestone as 9.2m options vest and 2025 expense revealed

DroneShield reached a $200m milestone, vesting 9.2m employee options and booking a $23.5m non-cash expense in 2025.

Read more »

growth in housing asx shares represented by little wooden houses next to rising red arrow
Share Market News

Shares vs. property: Which delivered the best capital growth in 2025?

We compare the capital growth of ASX 200 shares to Australia's metro and regional property markets.

Read more »

A man cheers after winning computer game while woman sitting next to him looks upset.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a happy end to the trading week today.

Read more »

Three business people stand on platforms in the desert and look out through telescopes.
Best Shares

1 ASX dividend share set to excel long term, even while down 13%

Good quality shares don't often sell off at this margin.

Read more »

Two people comparing and analysing material.
Broker Notes

Buy, hold, sell: Netwealth, Santos, and South32 shares

Morgans has given its verdict on these shares following updates.

Read more »

Emotional euphoric young woman giving high five to male partner, celebrating family achievement, getting bank loan approval, or financial or investing success.
Share Gainers

Why Life360, Northern Star, Objective Corp, and Rox shares are charging higher today

These shares are having a strong finish to the week. But why?

Read more »

A woman sits on sofa pondering a question.
Share Market News

Insignia Financial responds to ASX on disclosure and governance

Insignia Financial updates shareholders on ASX compliance and new governance controls around performance rights disclosure.

Read more »