War jitters hit the market as Australia’s biggest IPO of the year makes a strong debut

The Australian sharemarket fell for a fourth straight session as escalating conflict in the Middle East pushed oil prices higher and weighed on investor sentiment, while energy stocks outperformed and Telstra gained ground. SBS Finance Editor Ricardo Gonçalves speaks with Nick Schoenmaker from Portfolio Construction Management about the day’s market moves, and Nick Schoenmaker also explains what the strong debut of construction group FDC Consolidated, Australia’s biggest IPO of the year, could mean for the future pipeline of sharemarket listings.