Global Markets: Australian shares end flat as banking losses overshadow miners' gains

Australian shares closed nearly flat as bank losses offset resource gains, with U.S.-Iran tensions and sticky inflation weighing on sentiment. Investors remained cautious due to geopolitical uncertainty and potential capital gains tax reforms, leading to a reluctance to invest in domestic assets.

Raccontata daeconomictimes.indiatimes.comsmh.com.aunews.com.au