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AAP
AAP
Business
Derek Rose

Australian shares drop as Iran war enters third week

United States Australia Reserve Bank Orica
The RBA is expected to be the world's only central bank to raise rates this week. (Bianca De Marchi/AAP PHOTOS)

The Australian share market has fallen as the US-Israeli war with Iran dragged into its third week and hopes dimmed for a quick resolution.

The benchmark S&P/ASX200 index finished Monday down 33.7 points, or 0.39 per cent, to 8,583.4, while the broader All Ordinaries dropped 45.7 points, or 0.52 per cent, to 8,793.4.  

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