ASX 200 Braces for Volatility Amid Middle East Conflict and Magellan Merger
Global markets are shifting into a risk-off posture following a US strike that killed Iran's supreme leader, driving a surge in safe-haven assets and oil prices. Despite the geopolitical tension, the Australian market is processing a major domestic development as Magellan Financial moves toward a $1.6 billion merger with Barrenjoey Capital Partners.