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Australian shares fall as miners slide, oil prices stoke inflation worries
Australian shares fell on Tuesday as weak commodity prices hurt mining and gold stocks, while rising crude oil prices heightened inflation worries and reinforced expectations of a US Federal Reserve rate hike. The S&P/ASX 200 index fell 0.5% to 8,709.6, as of 0005 GMT. The benchmark ended 0.1% higher on Monday. The Middle East conflict-linked surge in oil prices has resurfaced inflation worries, with investors raising their bets on an interest rate hike at the Fed’s next meeting on Wednesday. Traders are pricing in a 90% chance that the Fed will raise interest rates by 25 basis points at i...
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