Australian shares are on a three-day slide as soaring energy prices make life more difficult for people trying to resume regular activity after the pandemic peak.
Market giant CSL has helped offset losses on the Australian share market after revealing it is starting to collect more plasma for its therapies despite the pandemic.
The Reserve Bank of Australia left the official cash rate at a record low 0.1 per cent following its monthly board meeting, as widely anticipated by economists.
Broad-based selling has continued for a second consecutive day on the ASX as fears of a US credit default and energy shortages in China add to economic uncertainty.