End-of-day summary:
Australian shares fell for a second day after a dramatic escalation in the Middle East conflict triggered a risk-off session on financial markets.
The ASX 200 declined 11 points or 0.13% after earlier falling as much as 32 points. Overnight gains in gold, oil and other commodities helped cushion the market against a deeper loss after Iran responded to Israeli attacks on Hezbollah targets with a missile barrage against Israel.
Winners here included Woodside Energy, Santos, Newmont and BHP. Drags included Qantas, Wesfarmers and the major supermarkets.
US stocks fell overnight as a portside strike and developments in the Middle East encouraged some investors to book profits at all-time highs. The S&P 500 eased 0.93% from Monday's record close.
