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Market Dips Amid Middle East Tensions | Perth News
Description
Australian markets close down amid global Middle East tensions, with chip stocks dragging the S&P/ASX200 down 0.86% — its second straight week of losses. Energy stocks rally as oil prices climb, lifting Woodside amid takeover whispers, while basic materials and gold miners slump. Coles’ surprise retreat from a $4B pet care deal unexpectedly boosts its shares, and some firms scale back in New Zealand. BHP’s labor unrest continues, and the Aussie dollar dips against the greenback.
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