ASX 200 falls 1.0% to a six-week low of 8,804
The ASX 200 tumbled 92 points, or 1.0%, to end at a six-week low of 8,804. Markets fell for the third session as a U.S. rebound attempt in futures failed after Wall Street’s third drop.
0% to end at a six-week low of 8,804. S. —Iran tensions that sent Brent crude above USD100 a barrel, stoking inflation fears. Locally, RBA Deputy Gov.
Andrew Hauser said policymakers will weigh further tightening at the September meeting, while Assistant Governor Sarah Hunter warned of limited tolerance for stronger price pressures. The hawkish tone prompted all four major banks to forecast another hike before year-end, with NAB tipping September and others November. Losses were broad, led by healthcare, non-energy minerals, tech, and financials. 1%) also slid.
9%). 3%) offered some support.