Australian sharemarket declines 0.5% due to US earnings season and Middle East tensions.
The Australian sharemarket dipped into the red on Monday, reflecting declines in Wall Street benchmark indices due to the mixed start of the US earnings reporting season and escalating tensions in the Middle East. The S&P/ASX 200 Index fell 0.5% to 7750.2, and tech stocks were among the sectors that contributed to the decline, with NextDC, WiseTech Global, and Xero all experiencing losses.
April 15, 2024
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