Key facts
- Australian shares experienced their worst week in nearly a month.
- The S&P/ASX 200 index closed down 0.7% on Friday.
- U.S.-Iran tensions and Middle East headlines contributed to investor unease.
- Financials and resources sectors saw significant declines.
Australian shares experienced their worst week in nearly a month, with the S&P/ASX 200 index closing down 0.7% on Friday. Escalating U.S.-Iran tensions and conflicting Middle East headlines left investors uneasy, prompting profit-taking and a reassessment of risks from high oil prices and geopolitical instability. Financials and resources sectors saw significant declines.