SYDNEY, March 6 (Xinhua) -- The Australian share market fell by 1.4 percent in early trading on Friday amid disruptions to energy markets caused by the conflict in the Middle East.
The S&P/ASX 200, which contains the top 200 companies listed on the Australian Securities Exchange (ASX), fell from 8,940 points at the close on Thursday to 8,814 in the first two minutes of trade on Friday, a drop of 1.4 percent.
The Australian Financial Review (AFR) reported that the benchmark index has dropped by around 4 percent since Monday, marking the largest weekly drop since May 2022.
Market analyst Kyle Rodda told the AFR that markets have started to price in a degree of price shock from oil.
The ASX 200 had rebounded slightly one hour into trade, but was still down 1.2 percent at 8,829 points. ■
