Another red day as ASX closes down 1.3pc

The local bourse has closed lower across the board, as the war in the Ukraine and looming central bank rate hikes continue to weigh on the market.

The benchmark S&P/ASX200 index finished down 88 points, or 1.18 per cent, to 7,347 on Monday, recovering a little in the afternoon after having been down by as much as 1.8 per cent at lunchtime.

The broader All Ordinaries closed down 101.2 points, or 1.31 per cent, to 7,623.6.

The Australian dollar was buying 70.48 US cents, down from 71.56 US cents on Friday and close to a four-month low.

Austrlaian Associated PressBack to Breaking News

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