The Market's Mood Swing: Iron Ore Tumbles Amid Global Uncertainty The Australian market has shown remarkable resilience in the face of global turmoil.
However, last week's performance suggests that even this stalwart may be starting to feel the effects of uncertainty. As iron ore prices plummeted to a 13 month low, the ASX edged higher, defying expectations.
While oil prices retreated on hopes for de escalation in the US Iran conflict, the market's resilience is all the more surprising given the volatility on Wall Street. The S&P/ASX200 rose 42. 5 points to 9019.