ASX runs out of steam despite hopes of US-Iran deal
Australian stocks have come under pressure from the lingering impacts of the oil price shock. -AAP Image
Australia's share market has crimped a three-week win streak despite market optimism the US-Iran conflict could be partially resolved in the near term.
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The S&P/ASX200 fell 8.1 points on Friday, down 0.09 per cent, to 8,946.9, as the broader All Ordinaries lost five points, or 0.05 per cent, to 9,168.5.
The top-200 slipped 0.15 per cent since Monday, hanging onto most of its three weeks of gains amid signs the US and Iran are seeking to end their conflict and the resulting oil supply shock that has weighed on global growth expectations.
One Aussie dollar is fetching 71.67 US cents, down from 71.88 US cents on Thursday at 5pm
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