ASX down despite gains on Wall Street, federal budget ahead | Finance Report | ABC NEWS
Oil prices rose after another setback in efforts to end the US-Iran war, keeping concerns about the Strait of Hormuz, fuel costs and inflation in focus.
Australian shares have slid as ASIC investigates DroneShield over disclosures and share trading in 2025.
Subscribe: http://ab.co/1svxLVE
Read more here: https://www.abc.net.au/news/2026-05-12/asx-markets-business-news-live-updates-budget-day/106653134
Note: In most cases, our captions are auto-generated.
#ABCNEWS #ABCNEWSAustralia
