Australia Stock Market Today: ASX 200 Suffers Worst Day in 11 Months as Oil Shock Slams Miners and Financials
Australia’s S&P/ASX 200 fell 2.85% to 8,599 on Monday, its worst day in 11 months, after Brent crude surged up to 25% to $119.50 a barrel amid escalating conflict in the Middle East. Materials and tech stocks led losses, while energy shares gained. Bond yields jumped to multi-year highs. G7 ministers plan to discuss emergency oil reserves as investors brace for further volatility.