Australian shares slide 0.7% as Strait of Hormuz tensions persist
Australian shares fall 67 points, or 0.7%, to 9,120 on Friday morning for the third straight session and the lowest in over a week as Strait of Hormuz tensions weigh on sentiment.
7% to 9,120 on Friday morning, down for the third session to hit their lowest in over a week. S. and Iran over the Strait of Hormuz continued to weigh on sentiment, with US Treasury Secretary Bessent warning of unprecedented measures against Iran, promising “economic isolation like the world has never seen”. 3% drop qoq, highlighting the impact of elevated interest rates.
Meanwhile, July labor market data will be released next week following a steady jobless rate in June. Most sectors fell, led by tech, non-energy minerals, industries, and transport. 7%. 1% following a modest rise in H1 profits.
5% so far.