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AAP
AAP
Business
Adrian Black

Investors flee to safety as business confidence wanes

Iran United States Ampol Macquarie Viva Energy
Australia's share market has slumped following a weak session on Wall Street. (Joel Carrett/AAP PHOTOS)

Australia's share market is on track for a negative week as US-Iran tensions and wobbles in the US tech narrative weigh on an already grim growth outlook.

The S&P/ASX200 fell 99.6 points on Thursday, down 1.13 per cent to 8,686.1, as the broader All Ordinaries lost 100.3 points, or 1.11 per cent, to 8,916.9.

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