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The Economic Times
The Economic Times
Business

Global Markets: Australia shares end lower as inflation, Iran peace deal concerns weigh

Inflation United States Federal Budget

Australian shares snapped a three-session rally to close lower on Tuesday, with the banking sub-index as the major laggard, as traders considered concerns of stubborn inflation and dampening hopes of a U.S.-Iran peace deal.

The S&P/ASX ‌200 index ⁠finished 0.4% ⁠lower at 8,657.80.

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