Australian shares hit six-week low as oil tops $100 on Middle East tensions
Australian shares fell to a six-week low as Middle East tensions pushed oil above $100 a barrel. The S&P/ASX 200 was down 1.4% at 8,785.20 as of 0020 GMT, with all sectors trading in the red.
Australian shares fell on Thursday to a six-week low, with all sectors in negative territory, as rising Middle East tensions pushed oil prices above $100 a barrel and added to inflation worries. 20 as of 0020 GMT.