Aussie shares drop as ceasefire frays, CSL plunges

Why CSL sank, and what the Federal Budget could mean for investors

The ASX 200 slipped 0.5 per cent ahead of the Federal Budget as oil prices surged and investors weighed the prospect of tax reform. Banks were weaker across the board, while CSL plunged 16 per cent after cutting earnings expectations and flagging a major impairment.

Aussie shares drop as ceasefire frays, CSL plunges

Local shares have slid after Donald Trump called Iran's peace offer "totally unacceptable" and a local biotech company downgraded its earnings guidance.

Australian shares fall after Trump rebuffs Iran; CSL sinks to near decade‑low

AUSTRALIA-STOCKS/ MIDDAY:Australian shares fall after Trump rebuffs Iran; CSL sinks to near decade‑low

CSL’s ‘kitchen sink’ downgrade sees investors rush for the exit

Major fund managers said that the scale of the problems suggested the healthcare giant’s narrative over the past two years had been at odds with reality.

CSL Profit Warning, Geopolitical Tensions Hit ASX 200

Australian equities faced renewed pressure as CSL and broader geopolitical concerns influenced market sentiment across multiple sectors.

Lunch Wrap: CSL spooks the market as ASX slides

CSL loses a wheel as ASX slides Trump rejects Iran’s proposal and markets get jittery again Dyno Nobel explodes   By lunchtime, the S&P/ASX 200 was down 0.5%, with biotech heavyweight CSL (ASX:CSL) leading the carnage after a brutal earnings reset. More on that mess shortly. Wall Street finished last week back in full party mode, with the S&P 500 and Nasdaq both charging to fresh record highs again. Elsewhere, Donald Trump has rejected Iran’s la…