ASX 200 LIVE: ASX Nears ‘Correction’ as Iran War Losses Hit $320b; Gold Tumbles

ASX 200 LIVE: ASX nears ‘correction’ as Iran war losses hit $320b; gold tumbles

Bourse closes in on technical correction; US futures point down; UBS lifts oil, Australian inflation forecasts; Gold sinks on inflation fears; IEA warns 40 Middle East energy assets hit. Follow live.

Why is the ASX 200 down so much on Monday?

The S&P/ASX 200 Index (ASX: XJO) is deep in the red today and approaching correction territory. Here’s what you need to know.

ASX 200 Hits Correction, Bonds Spike, The Oil Shock Is Spreading

This Isn’t Just Geopolitics Anymore, It’s Now a Macro Selloff The ASX 200 has now officially entered correction territory. What stood out just as much was the move in bonds. The 10-year Treasury yield rose 13 basis points in a single session, which is a large one-day move. That is not a gradual repricing. It…