Telstra Outage and Geopolitical Risks Shake ASX

The Australian Securities Exchange (ASX) experienced a sharp downturn with a significant drop of 1.14% in intraday trading, closing with 8 of the 11…

The primary reasons for this selling pressure in the markets were escalating geopolitical tensions in the Strait of Hormuz between the US and Iran, coupled with a massive telecommunications outage in the…