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VERIFIEDET Markets·negative
Global Markets: Australia shares end lower as inflation, Iran peace deal concerns weigh
AI Summary
- ·Australian shares declined on Tuesday, ending a three-day rally.
- ·Concerns over persistent inflation and diminished hopes for a U.S.-Iran peace deal impacted investor sentiment.
- ·The banking sector led the losses, with financials dropping 0.7% due to inflation worries and potential tax changes.