The ASX200 dipped below 7000 points for the first time since the early stages of the Ukraine war, while the US and European allies discuss banning Russian oil imports.
Australian shares' longest winning streak of the year has unravelled after lofty commodity prices, pushed higher by fears over Russian supply, finally eased.
Australian superannuation funds are being urged by the treasurer to divest Russian assets and join the government in putting a squeeze on Vladimir Putin.
Investors are enjoying the longest winning streak of the year on the ASX as energy and materials shares keep rising due to economic sanctions on Russia.
The corporate watchdog has taken to the Federal Court in a bid to appoint provisional liquidators to Applecross-based Ascent Investment just months after having its assets frozen.
Shares on the ASX are on their longest winning streak this year as the Russia-Ukraine war lifts commodity prices along with energy and materials stocks.
COVID WRAP: The total number of cases in Western Australia is fast approaching 6,000, as Premier Mark McGowan defends the state's enhanced public health measures.
Australia will roll out a third round of sanctions against Russia, aligning with US and UK moves, and will provide non-lethal military equipment to Ukraine.
A Bibra Lake-based environmental consultant has lost its bid to stop a former employee from joining its only local competitor over concerns about the exchange of intellectual property.
About $70 billion of value has been erased from the ASX today, while the federal government is increasing pressure on Russia as the Ukraine crisis escalates.
Russian forces have fired missiles at Ukrainian cities and landed troops on its south coast, officials and media say, after President Vladimir Putin authorised what he called a special military operation in the east.
High profile businessman Nev Power will have to endure another painstaking month-long wait before knowing whether the court believes his COVID travel breaches warrant jail time.
