ASX Tumbles Amid Global Jitters, Budget Delays

ASX slips as miners and tech stocks slump; Treasury Wine Estates rallies

The Australian sharemarket fell on Thursday as investors were shaken by the latest flare-up in fighting in the Middle East and a falling iron ore price.

Closing Bell: ASX serves a stinker as miner losses grate

ASX melts lower as risk appetite wanes Simandou fears spoil the platter for big miners Treasury Wine uncorks the market’s best pairing of the day   Today has been National Cheese Day (US only, but let’s “observe” it from afar anyway). Just thinking about that makes us salivate for our fave varieties: Brie. Gruyère. Manchego. Kraft Singles. In-a-Can… We could go on – especially with the power of Google at our disposal – but we’d best instead seam…

ASX Tumbles Amid Global Jitters, Budget Delays

The Australian share market experienced significant losses nearing noon AEST, falling more than one per cent amidst renewed doubts about Middle East peace. Heavy selling impacted iron ore miners like BHP, Rio Tinto, and Fortescue Metals Group, following concerns over soaring Simandou exports. In contrast, Treasury Wine Estates saw a rally, buoyed by investor day expectations, contributing to a noticeable surge in overall ASX trading volume for t…