Australia's share market has had a bland session as investors weighed progress in US-Iran peace talks, while the local IT sector was hit by a significant stock plunge.
The S&P/ASX200 fell 12.6 points on Monday, down 0.14 per cent, to 8,816.1, as the broader All Ordinaries lost 16.1 points, or 0.18 per cent, to 9,031.2.
A dip in oil prices wasn't enough to send the bourse higher, as the US and Iran agreed to a road map towards a final peace deal within 60 days.
"The S&P/ASX200 index spent much of today treading water, finishing little changed as investors weighed a tentative Strait of Hormuz agreement against the reality that geopolitical deals are often signed faster than they are honoured," Global X ETFs senior product and investment strategist Marc Jocum said.
