The benchmark stock market index in Australia, comprising the 200 largest companies listed on the Australian Securities Exchange by market capitalization. It serves as the primary gauge of Australian equity market performance. The ASX 200 is heavily weighted toward financials and mining companies, reflecting the structure of the Australian economy and its reliance on commodity exports.
Example
“The ASX 200 rallied to record highs as surging iron ore prices lifted the index's heavyweight mining stocks.”