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The S&P/ASX200 was down 14.9 points by midday on Wednesday, or 0.17 per cent, at 8,702.2. The broader All Ordinaries fell 14.2 points, or 0.16 per cent, to 9,008.2.

Weak Wall Street lead weighs on sentiment

The local market followed a softer lead from Wall Street overnight, as global markets move through a subdued final week of 2025.

“Major US indexes dipped into negative territory overnight, with thin volumes and year-end position-squaring keeping price action limited,” Moomoo dealing manager Jimmy Tran said.

“Both US and global equities remain on track to close the year with solid gains, despite considerable economic and political uncertainty.”

Australia lags offshore markets in 2025

Australian shares have underperformed major global markets this year, rising about 6.6 per cent so far.

That compares with gains of around 17 per cent for Wall Street’s S&P 500 and almost 30 per cent for Hong Kong’s Hang Seng index and Japan’s Nikkei index.

SAN ANTONIO – Port San Antonio is among the sites where Boeing Defense Systems will work on the $2.04 billion B-52 Commercial Engine Replacement Program, the U.S. Department of Defense announced.

The San Antonio Express-News reported that Port San Antonio would be working on the nation’s oldest bomber aircraft through at least 2033 under a new contract with the Pentagon.

The contract includes system integration, modification and testing of two B-52 aircraft with new engines and associated subsystems, according to a news release from the Department of Defense.

Earlier this month, Boeing completed ground integration and initial system checks for the B-52’s new radar system at Port San Antonio, according to Boeing. This radar upgrade is part of broader modernization efforts to keep the aircraft operational “through 2050 and beyond.”

Aside from work performance taking place in San Antonio, it will also happen in Oklahoma City, Seattle and Indianapolis, with completion expected by May 31, 2033.

The program will be incrementally funded with fiscal 2026 research, development, test and evaluation funds totaling nearly $35.8 million.

Tinker Air Force Base in Oklahoma is overseeing the contract, according to the release.

KSAT has reached out to Port San Antonio for additional information.

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