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Global Markets | Australian shares end flat on US-Iran peace talk uncertainty; Rio Tinto gains

Posted on April 21, 2026
By Business News Today
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1 min read

Global Markets | Australian shares end flat on US-Iran peace talk uncertainty; Rio Tinto gains

Australian shares saw little movement as investors awaited U.S.-Iran peace talk developments. Mining giant Rio Tinto bucked the trend, rising on strong first-quarter output. Meanwhile, tech and real estate sectors showed recovery in April after significant March quarter losses. Across the Tasman, New Zealand's inflation held steady at 3.1%.