Aussie market posts worst day in seven months
The Australian share market experienced its worst day in almost seven months at the start of October, with losses across all 11 sectors driven by concerns about higher interest rates. The major banks and miners finished lower, while tech firm Data3 led gains after reporting strong results and DroneShield secured a new defence contract. Several companies including Breville, Adairs and Big Cheese distributed dividends to investors. This market update is sponsored by CommSec.
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