More than $200b evaporates from Aussie market since war
The Australian share market has recorded its worst fortnight of trading since June 2022. -AAP Image
Australia's stock market has clocked a second straight week of losses and its worst fortnight since mid-2022, as the Iran war continues to crush investor sentiment.
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The S&P/ASX200 fell 11.9 points on Friday, down 0.14 per cent, to 8,617.1, as the broader All Ordinaries lost 12.3 points, or 0.14 per cent, to 8,839.1.
More than six per cent has been wiped from the combined value of Australia's 500 biggest listed companies since the Middle East erupted, wiping more than $200 billion from its combined $3 trillion market cap.
It was the local stock market's worst two-week performance since an inflation surge prompted global recession fears in June 2022.
The Australian dollar is buying 70.63 US cents, down from 71.22 US cents on Thursday at 5pm, but higher for the week as bets narrowed on incoming interest rate hikes.
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