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AAP
AAP
Business
Adrian Black

Aussie shares hit nine-month low as war wipes $270b

The ongoing conflict in the Middle East has wiped hundreds of billions from local stocks. (Bianca De Marchi/AAP PHOTOS)

Australia's stock market is trading at its weakest level in nine months after the Iran war and the resulting energy shock prompted multiple central banks to brace for higher interest rates.

The S&P/ASX200 fell 69.4 points on Friday, down 0.82 per cent to 8,428.4, as the broader All Ordinaries lost 62.4 points, or 0.72 per cent, to 8,628.3.

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