Brent crude surged back above $100 a barrel following geopolitical tensions in the Strait of Hormuz, triggering fresh market volatility. Australian bond yields hit 15-year highs near 5% as all four major banks signal an interest rate hike is priced in for next week. Energy stocks rallied on oil strength, with coal plays Yancoal and Whitehaven trading higher as investors bet on fuel switching. Tech stocks faced renewed pressure from rate expectations, compounded by Atlassian's job cuts announcement. Real estate faced headwinds as Digico REIT plummeted another 5%, extending its twelve-month decline beyond 50% since its late-2024 listing. Collins Foods jumped 6% after announcing KFC expansion into Germany, where the quick-service restaurant market remains underpenetrated relative to competitors.
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