The Australian share market has suffered its third-straight day of losses, falling to an 11-day low amid President Joe Biden's decision to withdraw from the US election, as well as increased fighting in the Middle East and a global IT outage.
The benchmark S&P/ASX200 index on Monday finished down 39.9 points, or 0.5 per cent, to 7,931.7, its lowest finish since July 11. The broader All Ordinaries dropped 42.8 points, or 0.52 per cent, to 8,166.4.
Prediction markets were anticipating that Vice President Kamala Harris would be the US Democratic presidential nominee but would have an uphill battle against former president Donald Trump in the November 5 election.
