The Australian sharemarket closed lower on Monday, as investors priced in rising geopolitical uncertainty in the Middle East.
The benchmark ASX 200 fell 0.46 per cent, or 35.6 points, to end the session at 7752.5, while the broader All Ordinaries index slipped 0.51 per cent, or 40.8 points, to end at 8009.4.The Aussie dollar lifted 0.31 per cent to buy US64.8c at the closing bell.
“And we did see a fairly significant settle off on Friday because we were going into the weekend and we didn’t know what the events would be like and there is kind of a de-risk attitude, reduce your exposure to equities in that environment until you have better clarity over what is occurring. “From here what investors are looking at is what Israel does and the scale of the response, if there is a retaliation.
Energy giant Woodside Energy rose 0.36 per cent to finish at $30.31 a share, while Santos lifted 0.9 per cent to close at $7.88.
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