Australian Shares Slip into Correction Territory Amid U.S. Tariff Concerns

Australian Shares Slip into Correction Territory Amid U.S. Tariff Concerns

ByAradhana

Sydney, March 12: Australian shares extended losses on Wednesday, briefly entering correction territory as investor sentiment took a hit following reports that the White House had denied Australia an exemption from U.S. steel and aluminium tariffs. The S&P/ASX 200 index fell 1.2% to 7,793.6 as of 0001 GMT, after plunging as much as 1.6% earlier…

IndusInd Bank Shares Plummet 23% Amid Derivatives Portfolio Discrepancies

IndusInd Bank Shares Plummet 23% Amid Derivatives Portfolio Discrepancies

ByAradhana

IndusInd Bank shares extended their losing streak for the fifth consecutive session, plunging 23% in morning trade on Tuesday, March 11, 2025. The sharp decline came after the private sector lender disclosed discrepancies in its derivatives portfolio, raising investor concerns over financial stability and risk management. Stock Hits 52-Week Low On the Bombay Stock Exchange…