The Australian share market ended Thursday 0.7 per cent lower as rising oil prices, higher global bond yields and losses on Wall Street weighed on risk appetite.
The ASX 200 closed down 0.72 per cent at 8,702 points, according to the final market snapshot reported by ABC News. Mining stocks were among the weakest parts of the local market.
Brent crude was trading around $US103.08 a barrel late in the Australian session, above the psychologically important $US100 level. The move came amid uncertainty over global diesel supply and US policy, adding to concerns that energy costs could keep inflation elevated.
Major Wall Street indexes had also fallen in the preceding session, with the S&P 500 down 0.8 per cent, the Dow down 0.7 per cent and the Nasdaq down 0.9 per cent. Bond selling pushed yields higher, increasing financing costs and pressure on equity valuations.
The Australian dollar was little changed near 70.38 US cents. Market prices can move quickly outside local trading hours, and this report describes the closing snapshot rather than providing investment advice.
Source: ABC News market coverage and closing snapshot.
Image disclosure: The featured image is an AI-generated symbolic editorial illustration. It is not a real trading screen and does not display live market data.
