S&P/ASX 200 closes lower as Australian shares slip, oil price surge triggers inflation fears; check top gainers and losers
The Economic Times·2026-03-12 07:19
The S&P/ASX 200 closed lower Thursday, dropping 114.50 points or 1.31% to 8,629.00. According to the ASX website, the bottom-performing stocks in this index were IPERIONX LIMITED and CATAPULT SPORTS LTD, down 14.29% and 7.80%, respectively. The index has lost 3.48% for the last five days but is virtually unchanged over the last year to date.Oil prices climbed sharply as supplies from the Gulf remained constrained following ship attacks in the Strait of Hormuz, a key chokepoint for global crude trade.As ...