ASX and NZX slump as Iran war sends oil price to four-year high
The ASX fall was the biggest since Donald Trump announced his ‘Liberation Day’ tariffs in April 2025.
ASX main index has lost more than 7% since the Iran conflict began.
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Australia’s main index, the S&P/ASX 200, plunged more than 4% by early Monday afternoon as A$130 billion ($1.54b) was wiped off the market capitalisation of the ASX.
With global oil supplies threatened and no clear end in sight to the conflict in the Middle East, shares in companies such as
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