ASX slides as oil nears $US100 a barrel

ASX slides as oil nears $US100 a barrel

Rising oil prices and Middle East tensions have dragged the Australian sharemarket to its lowest close in six weeks, with the big four banks bearing the brunt of fresh rate rise fears.

ASX Suffers Sharpest Fall Since March

Australia’s sharemarket experienced its worst trading day since March, with the ASX tumbling 1.7 per cent. The significant downturn, which saw shares sink near noon AEST, was primarily attributed to a sharp surge in global oil prices and a corresponding rise in bond yields, factors that collectively skittled broader market sentiment. This market reaction underscores

Market Open: Further Middle East hostilities set to impact market today

ASX today – With oil hovering just below US$100 a barrel, the ASX is expected to follow Wall Street down this morning. @media (max-width: 600px){ .hc-pod__btnwrap{ flex: 1 1 100% !important; } } .hc-pod__btnwrap{ transition: background-color .18s ease, transform .18s ease; } .hc-pod__btnwrap:hover{ background-color:#d95f0e !important; transform: translateY(-1px); } .hc-pod__btnwrap a:focus-visible{ outline:3px solid #f77213; outline-offset:3px; …