By Stan Choe
Publication Date: 2026-06-10 19:22:00
Staff writers
Updated ,published for the first time
The Australian stock market fell at the open as escalating tensions in the Middle East cast doubt on when America and Iran can reach a deal to reopen the Strait of Hormuz and as technology stocks came under more pressure on Wall Street.
The ASX/S&P 200 fell 80.1 points, or 0.9 percent, to 8573.1 in early trading after the United States launched a new round of attacks against multiple targets in Iran overnight. Seven of the local market’s 11 industrial sectors were in negative territory. The Australian dollar traded at $70.01.
The latest attacks underscore Trump’s growing impatience with stalled peace efforts after months of failed negotiations. They also suggest that the April ceasefire between the warring countries…