PM 28 May 26: Worst day for Aussie market in 12 weeks

The Australian share market fell sharply on Thursday as escalating US-Iran tensions weighed heavily on sentiment. Despite broad losses across materials, technology and healthcare, pockets of strength emerged in software and AI infrastructure plays. Gold miners faced particular pressure amid a stronger US dollar. Key US economic data and earnings reports tonight may provide direction ahead. Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.