ASX 200 dives as Donald Trump threatens Ayatollah Ali Khamenei, investors remain cautious of heated Iran-Israel conflict
The ASX 200 sank on Wednesday, tracking losses on Wall Street as the heated conflict between Iran and Israel sparks concerns for investors.
The index is down 0.2 per cent after about an hour of trading with Mineral Resources sinking 6.3 per cent per cent, Pilbara Minerals shedding 4.4 per cent and Liontown Resources down 4.3 per cent.
Solid performers on Wednesday include uranium miner Deep Yellow (up 3.9 per cent), gaming manufacturer Light & Wonder (up 3.3 per cent) and coal producer Yancoal Australia (up 3.3 per cent).
The ASX sinking follows Donald Trump demanding Iran surrenders and warning of possible strikes against its leader Ayatollah Ali Khamenei.
"We know exactly where the so-called 'Supreme Leader' is hiding. He is an easy target, but is safe there - We are not going to take him out (kill!), at least not for now," Trump posted on Truth Social.
"But we don't want missiles shot at civilians, or American soldiers. Our patience is wearing thin. Thank you for your attention to this matter!"
Growing concerns about the Iran-Israel conflict have sent oil prices skyrocketing again after Trump abruptly left the G7 Summit in Canada to engage in meetings with the US national security team about the hostilities.
This has also added to fears the US could join the conflict.
There were losses across the board on Wall Street with the Dow Jones shedding 0.7 per cent, the S&P 500 losing 0.8 per cent and the Nasdaq falling 0.9 per cent.
London's FTSE 250 Index sank 0.2 per cent on Tuesday while Germany's DAX plunged 1.1 per cent and the STOXX Europe 600 fell 0.9 per cent.
New Zealand's NZX 50 Index is flat on Wednesday, while Japan's Nikkei 225 is up 0.2 per cent.
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