Australian shares drop 2% as global bond rout hits risk appetite
Australian shares suffered their steepest fall since early March, with the S&P/ASX 200 index slumping 2% to 8,614.40. This decline was driven by a global bond rout fueled by inflation concerns and elevated energy prices, which increased borrowing costs and diminished risk appetite.
Australian shares recorded their steepest fall since early March on Thursday, as a global bond rout driven by inflation concerns and elevated energy prices lifted borrowing costs and hit risk appetite. 40, its lowest since Jun…