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Reuters reports that Australia's stock market has fallen, with investors selling risky assets as the crisis in Ukraine continues.


Shares in Australia fell on Friday as global sell-offs flared up after tensions between the United States and Russia over Ukraine. Technology stocks led the losses.
The S&P/ASX 200 index (.AXJO) was down 0.9% at 7,224.30 points, as of 0016 GMT, but was set for a third straight weekly gain. The benchmark closed 0.2% higher on Thursday.
Shelling in Ukraine on Thursday renewed fears of an imminent Russian invasion. U.S. President Joe Biden said there was every indication Moscow planned to attack Ukraine, while Russia accused Washington of stoking tensions.
The developments in Ukraine have also added to the uncertainty about the path of the U.S. Federal Reserve's tightening plans to fight inflation.
QBE Insurance (QBE.AX) was the top loser on the benchmark, plunging nearly 11% after its full-year profit missed estimates.
to a two-month low, while Macquarie Atlas Roads (MQA.AX) lost 2.5% to a more than four-month low. Technology stocks (.AXIJ) hit their lowest levels since late January, tracking losses in their growth-oriented U.S. peers. Shares of Computershare (CPU.AX) fell 1.6% to a two-month low, while Macquarie Atlas Roads (MQA.AX) lost 2.5% to a more than four-month low.
Miners (.AXMM) slipped up to 1.2% after China's benchmark iron ore futures extended losses for a fourth straight session. Investors fretted over government interventions on the market.
BHP Group (BHP.AX) and Rio Tinto (RIO.AX) fell 1.6% and 2.4%, respectively.
The Australian Financials Index (.AXFJ) slumped, with the 'Big Four' Australian banks shedding between 0.8% and 1.2%.
Gold prices rose above $1,900 for the first time since June as investors flocked towards safe-haven bullion amid the Ukraine crisis, pushing the Australian gold index (.AXGD) 4.3% higher. Shares of Newcrest Mining (NCM.AX) surged 4.4%.
Bullion is often used as a safe store of value during times of political and financial uncertainty. It is considered a hedge against soaring inflation.
The benchmark was down 1% at 12,134.79 points in New Zealand.

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