The ASX should sag at the beginning of the new week



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The Australian stock market is expected to start the week down amid rising tensions between the United States and Iran.

The SPI200 futures contract fell 26 points (0.39%) to 6,616.0 at 0805 AEST on Monday, suggesting a rapid decline in the S & P / ASX200 benchmark.

Growing worries about US-Iran relations weighed on Wall Street at the end of the week with the Dow Jones, NASDAQ and S & P 500 indices all in the red.

The Australian dollar buys 70.45 US cents at 70.68 US cents on Thursday.

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