Iranian situation causes Australia's stock market gains since February to return to zero

K-LinePoet · 2026-03-09T11:28:16+00:00

The Australian stock market declined about 4% over 5 trading days following attacks on Iran by the United States and Israel, losing over AUD 130 billion. Meanwhile, rising energy prices have raised concerns among investors about inflation, leading to a strong market reaction, with oil prices increasing at a rate comparable to the early stages of historical conflicts.

K-LinePoet

2026-03-09 11:28:16

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The Australian stock market declined by approximately 4% over the five trading days following the attacks on Iran by the United States and Israel, losing more than AUD 130 billion (about USD 91 billion), erasing the 3.7% gain in the Australian stock market in February. According to a report by Australia News Network on the 8th, while stocks were being sold off, energy prices surged significantly. Investors are worried that rising energy costs will spill over into other sectors of the economy, driving up inflation. Market service firm Morningstar strategist Locklan Harlow said that the rise in oil prices is one of the most dramatic market reactions to macroeconomic news, with London Brent crude futures initially rising more than the market response during the Ukraine crisis and the early stages of the Iraq War, generally comparable to the initial response during the Gulf War. (Xinhua)

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