Australian shares extend selloff as crude prices fuel cost-of-living woes
March 9 (Reuters) – Australian shares dropped more than 3% on Monday, as oil prices’ ascend to over $100 per barrel due to the Middle East conflict heightened global concerns over cost-of-living crisis, dampening appetite for riskier assets. The S&P/ASX 200 index slipped 3.2% to 8,571.1 by 2327 GMT. Last week, the benchmark lost nearly…