Australian shares fell 1 per cent on Tuesday, the third consecutive day of losses as investors fretted about the risk of a global recession after Shanghai and Beijing tightened COVID-19 curbs in a world of higher interest rates.
The benchmark bounced from its lowest level in three months. Ten out of the index’s 11 categories slipped with materials and energy taking the lead.
Production of LME deliverable KAS-branded aluminium at Kazakhstan’s Eurasian Resources Group has reached the four-million-tonnes milestone
