News Snapshot:
Comments Australian shares ended lower on Tuesday, dragged by miners, as concerns over tepid demand due to COVID-19 lockdowns in top metals consumer China coupled with a potential aggressive rate hike by the US Federal Reserve dented investor sentiment. The S&P/ASX 200 index closed 2.1% lower, coming off a holiday-extended weekend, after logging its sharpest fall since Feb. 24 earlier in the session. Export-reliant miners were the worst performers on the Australian benchmark after iron ore prices plunged as the strict COVID-19 situation in China worsened an already soft demand outlook. The sub-index slumped 5.6%, touching over a five-week low...
