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AAP
AAP
Business
Derek Rose

Aussie shares fall as war dims hopes for US rate cuts

United States Donald Trump US Federal Reserve Cochlear
Australian shares are down as hopes for US interest rate cuts in 2026 dim despite a new Fed chair. (Lukas Coch/AAP PHOTOS)

The local share market has suffered its worst loss in more than a month on fears the Middle East conflict could delay US interest rate cuts, even after President Donald Trump extended a ceasefire with Iran at the request of Pakistani mediators.

The benchmark S&P/ASX200 index on Wednesday fell 105.8 points, or 1.2 per cent, to 8,843.6, its worst single-day loss since a 142-point fall on March 19.

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