The local share market is in the red, while shares in stock exchange operator ASX Ltd have tumbled on a trading update. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

Market drops after US strikes on Iran; ASX Ltd tumbles on costs spike; Atlas Arteria expert says IFM bid undervalues stock; Formica ups Magellan stake; JPMorgan ups iron ore…

The local share market is in the red, while shares in stock exchange operator ASX Ltd have tumbled on a trading update. Follow the day's events and insights from our business…

The ASX is set to open higher amid muted trading on Wall Street after a day of records; oil fell more than 5 per cent. Follow updates here.

The Aussie share market is set to open lower as the price of oil drops. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

Miners, raw materials and battery minerals producers rallied but energy and utilities stocks finished the session on a downer.