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AAP
AAP
Adrian Black

Australian shares slip as geopolitical tensions rise

United States Donald Trump
Australian shares are in the red after US President Donald Trump threatened to hike steel tariffs. (Joel Carrett/AAP PHOTOS)

Australian shares have closed lower after a series of bleak headlines boosted risk sentiment and sent jitters through equity markets.

The S&P/ASX200 fell 20.6 points, or 0.24 per cent, to 8,414.1 on Monday as the broader All Ordinaries lost 22.8 points, or 0.26 per cent, to 8,637.5.

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