Australian shares fall 1.5% as US Iran tensions hit risk appetite

Published on 8 May 2026

Miners and banks slide while one firm sinks on probes

Australian shares dropped 1.5% on Friday, wiping out earlier gains as renewed US Iran tensions dented global risk appetite. Miners and banks led the fall, while Tabcorp slid further amid money laundering investigations. The market setback also arrived despite a busy week for the Reserve Bank of Australia’s interest rate moves.

ASX slips 1.5% as US Iran tensions rattle investors
Miners and banks among the biggest decliners
Tabcorp drops further on money laundering probes
Moves from the RBA were overshadowed by global fear

#middle east tensions #investor sentiment #global markets #asx #australia

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

Australian shares fall 1.5% as US Iran tensions hit risk appetite

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