Global Markets | Australian shares close at 4-week high on short covering but Mideast concerns linger
- Postato il 7 aprile 2026
- Di Business News Today
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Global Markets | Australian shares close at 4-week high on short covering but Mideast concerns linger
Australian shares closed at a near four-week high on Tuesday, driven by short covering and battered stock purchases. However, the benchmark index retreated from its peak amid Middle East conflict concerns, as Iran rejected a ceasefire and refused to reopen the Strait of Hormuz, impacting investor sentiment.
