The Economic Times

Australian stocks lose $91 billion in a week as Middle East war weighs, ASX 200 falls 3.8%, erasing half of February gains; check top gainers and losers

The Australian sharemarket has seen a significant drop of A$130 billion this week. Investors are on edge as the Middle East conflict escalates. This volatility follows a period of record earnings. The S&P/ASX 200 index closed lower on Friday, losing 1.00%. Several stocks experienced sharp declines, while others saw notable gains.