Identifai surges on ASX as miners stumble from oil price spike
Identifai, an Israeli pregnancy biotech firm, topped this week's ASX runners despite broader market turmoil. The listing bucked a harsh vintage as domestic equities fell amid Middle East tensions, surging oil prices and AI sector weakness. South Korea's KOSPI plummeted 21 percent in seven sessions, while Australian miners including Rio Tinto and Fortescue faced fresh headwinds from elevated fuel costs.
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Published 16 Oct 2026, 05:29 UTC · Updated 16 Oct 2026, 05:30 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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