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Australian shares sink fifth straight day as stalled US Iran talks chill investors
Economy
Published on 27 April 2026
Miners rise while financials reel on rate pressure
Australian shares fell for a fifth straight session, dragged down by stalled US Iran peace talks that cooled risk appetite. Financials led the downturn as investors brace for softer earnings amid higher rates and cost pressures. Miners were the lone bright spot, supported by a weaker US dollar that lifted gold and sentiment for the sector.
- Australian shares extend losses for a fifth consecutive session
- Stalled US Iran talks weighed on global risk appetite
- Financials fell on expectations of softer earnings
- Miners gained as a weaker US dollar supported gold
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times