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Markets Shake as Aussie Stocks Surge
Description
Global markets plunged as US-Iran tensions escalated into a rollercoaster of threats and diplomatic reversals, sending the ASX down 1.5% after Iran’s warning shots in the Strait of Hormuz. Gold, normally a safe haven, tumbled nearly 4% as bonds outshone it in returns. Yet amid the chaos, Aussie stocks soared — White Energy Company led the charge with a 300% share surge after securing key coal assets, while AI, defense tech, and remote comms firms like Thrive Tribe, AnteoTech, and Harvest Tech also delivered big gains.
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