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AAP
Business
Derek Rose

FOUND: Aussie shares fall as war dims hopes for us rate cuts - You Need To See This

United States Donald Trump US Federal Reserve Cochlear
Australian shares are down as hopes for US interest rate cuts in 2026 dim despite a new Fed chair. (Lukas Coch/AAP PHOTOS)

The local share market has suffered its worst loss in more than a month on fears the Middle East conflict could delay US interest rate cuts, even after President Donald Trump extended a ceasefire with Iran at the request of Pakistani mediators.

The benchmark S&P/ASX200 index on Wednesday fell 105.8 points, or 1.2 per cent, to 8,843.6, its worst single-day loss since a 142-point fall on March 19.

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