Australian Shares End Flat as Energy Gains Offset Bank and Airline Losses Amid Middle East Conflict

Australian shares closed flat as gains in energy, mining, and gold stocks offset declines in financials and airlines amid escalating Middle East conflict. The S&P ASX 200 index rose marginally by 0.03% to 9,200.90, reflecting investor caution over geopolitical risks and potential supply disruptions. Major banks and airline stocks fell due to concerns about global growth and higher fuel costs, while companies like Karoon Energy and Resolute Mining saw notable gains. The conflict’s continuation has heightened market uncertainty.