The S&P/ASX 200 dropped 1.8% to finish at a four-week low of 8,739 on Wednesday, extending its losing streak to fourth session, as stronger GDP data tempered bets of further rate cuts from the Reserve Bank of Australia. The economy expanded 0.6% in Q2, above forecasts of 0.5% and lifting annual growth to 1.8%, the fastest in nearly two years, driven largely by household spending supported by lower borrowing costs and earlier tax relief. The stronger growth print shifted the policy outlook, with markets still leaning toward a quarter-point cut in November but scaling back expectations for deeper easing. Additionally, a weak lead from Wall Street pressured the index, as rising Treasury yields and tariff uncertainty dampened sentiment. On the corporate front, rate-sensitive financials led losses, falling 2.7% to their lowest since August 18. Tech stocks also plunged 3.8% to a more than three-month low, tracking their US peers lower.