Australian share market down 1.3 pct as major bank warns oil prices could hit record-high

NAMPA / Xinhua

2026-03-12

SYDNEY, March 12 (Xinhua) -- The Australian share market closed down 1.3 percent on Thursday as the nation's largest bank warned oil prices could reach record levels amid the ongoing conflict in the Middle East. The S&P/ASX 200, which tracks the performance of the top 200 companies listed on the Australian Securities Exchange (ASX), closed at 8,629 points on Thursday, a fall of 1.3 percent from 8,743.5 points at the open of trading. The Aus......

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