Aussie Stocks Plummet, Aussie Dollar Weakens
Adelaide News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Australian stocks plummeted, marking their lowest point since November, as oil prices surged due to Middle East conflicts. The S&P/ASX 200 index dropped 139.7 points to 8509, a 2.5% decline since the year began. The Australian dollar weakened to 70.28 US cents. The Federal Reserve maintained interest rates but expressed caution about Middle East tensions and their impact on energy costs and inflation.
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