Aussie shares snap four-day win streak as miners weigh
The S&P/ASX200 has followed Wall Street lower after a repricing of US interest rate expectations. -AAP Image
Australia's share market has broken a four-session winning streak, after US interest rate worries hit risk sentiment, despite oil prices continuing their decline.
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The S&P/ASX200 fell 55.2 points on Thursday, down 0.62 per cent, to 8,911.1, as the broader All Ordinaries lost 59.1 points, or 0.64 per cent, to 9,126.8.
Oil fell to its lowest price since March 2, the day markets opened after the US and Israel launched air strikes on Iran, ultimately sparking the energy supply shock in history.
The slump wasn't enough to keep the Australian raw materials sector's recent run alive, after a US Federal Reserve meeting foreshadowed US interest rate hikes ahead, lifting the greenback and weighing on metals prices and global growth hopes.
The Australian dollar is buying 70.31 US cents, down from 70.58 US cents on Wednesday at 5pm.
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