The Economic Times

S&P/ASX closes lower: Australian shares struggle for momentum as Iran rejects US ceasefire plan amid Middle East conflict; check top gainers and losers

Australian shares saw a slight dip on Thursday. The ASX 200 index closed lower. This followed Iran's foreign minister stating no negotiations with the United States on a ceasefire plan. Iran had dismissed an American proposal earlier. Heavyweight miners and gold stocks faced losses. Financials, however, saw gains. Nickel Industries and Megaport Limited were the bottom performers.