ASX falls the furthest in seven weeks in near-$50b wipeout
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Source: ABC News
Published: 2026-05-08 07:19 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Middle East, Australia, Energy, Economy & Finance, Financial Markets, World News, Business & Economy
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Snippet:
The Australian share market has closed sharply lower, experiencing the biggest one-day fall in seven weeks and a near-$50 billion wipeout as oil prices rose on reports of fresh trouble in the Middle East.
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