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Australian shares retreat as oil surges, banks and miners weigh
Australian shares extended their decline for a second day on Friday, as most sectors traded in negative territory with banks and miners shedding the most, while investor sentiment was hampered by resurgent geopolitical tensions. The S&P/ASX 200 was down 0.5% at 9,101.70 by 2321 GMT. The index ended 0.1% lower on Friday, but was on pace to book a third consecutive weekly gain with a roughly 1% jump. Earlier this week, Australian markets rallied alongside their global peers when oil prices hit multi-month lows after US President Donald Trump downplayed the likelihood of renewed strikes on Ir...
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