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The Economic Times
The Economic Times
Business

Global Markets: Australian shares end flat as banking losses overshadow miners' gains

United States Australia Justin Lin capital gains Inflation

Australian shares finished little changed on Monday, with losses in banks wiping out gains across the resources sub-index, while the lack of progress in a possible U.S.-Iran ceasefire kept risk appetite in check.

The S&P/ASX 200 index ended down 2.3 ‌points at 8,729.40, with ⁠trading ⁠volumes below the 30-day average. The benchmark rose 1.6% on Friday.

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