Aussie Shares Plunge as Wall St, Middle East Worries Hit

0:00It's March 26, I'm Cory with the story, and this is Sydney News today, local news powered by AI. Australian shares are poised to drop at the open this morning, dragged down by heavy losses on Wall Street and fresh worries over the Middle East. ASX 200 futures sit 0.7% lower at 8,501 points, while the Australian dollar has eased 1% 2, 68.78 U.S. cents. Wall Street took a beating overnight, with the Dow falling 1%. The S&P 500 down 1.7% and the NASDAQ off 2, 0.2%, European and Asian markets followed suit 2, as FTSE dropped 1.3%, Japan's Nikkei lost 0.3% and South Korea's KOSPI plunged 3.2%. Precious metals are sliding amid the risk off mood, gold down 3% to $4,370 USD per ounce and silver. The 6% lower at 67.10 USD per ounce, though oil and iron ore are climbing as traders

1:04eye supply risks ahead.