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AAP
AAP
Business

FED:Australian shares dip as global bond rout continues

United States Inflation Iran

Australian shares have resumed their journey lower, as inflation concerns fuelled by the Middle East energy crisis underpin a global bond sell-off and weigh on investor confidence.

The S&P/ASX200 fell 71.6 points by midday, down 0.83 per cent to 8,533, as the broader All Ordinaries lost 71.6 points, or 0.81 per cent to 8,757.9.

Local equities renewed their slump following Tuesday's bounce after US President Donald Trump walked back threats of fresh attacks on Iran.

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