Despite a late recovery stemming from concerns over US interest rates, the ASX closed lower. Meanwhile, Optus services experienced disruptions with customer call issues, but they have been “progressively restored,” unfolding throughout the day.

The Australian share market concluded Friday with a slight dip, although it managed to recover somewhat after experiencing significant drops due to concerns among investors about higher-than-anticipated inflation in the US potentially delaying global interest rate cuts. Revisit the day’s financial developments in real-time through our blog.