The Australian sharemarket closed lower on Monday, as investors priced in rising geopolitical uncertainty in the Middle East.
The benchmark ASX 200 fell 0.46 per cent, or 35.6 points, to end the session at 7752.5, while the broader All Ordinaries index slipped 0.51 per cent, or 40.8 points, to end at 8009.4.
Tech stocks suffered a steep 1.42 per cent fall to finish at 2985.3 points.
The Aussie dollar lifted 0.31 per cent to buy US64.8c at the closing bell.
Capital.com senior financial market analyst Kyle Rodda said Friday’s sell-off and the weekend’s escalating tensions between Israel and Iran had prompted Monday’s fall.
“The inherent issue with the situation in the Middle East is that it is quite difficult to price in the markets,” he said.
“And we did see a fairly significant settle off ...
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