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AAP
AAP
Business
Adrian Black

Australian shares slip as markets mull Iran situation

United States ASX Australia CBOE Iran Virgin
Australian shares lost ground as traders hold out hope for constructive talks in the Middle East. (Dean Lewins/AAP PHOTOS)

Australia's share market has handed back its early gains with interest as investors weigh clashing statements from the US and Iran on a potential path to de-escalation.

The S&P/ASX200 fell 8.6 points on Thursday, down 0.1 per cent, to 8,525.7, as the broader All Ordinaries lost 18.8 points, or 0.21 per cent, to 8,726.5.

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