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The Nexus
BUSINESSMay 27 · 04:30 UTCBLOOMBERGCarmeli Argana

ASX Shares Eye Decade Low After Cost Woes Fuel Profit Downgrades

ASX shares are approaching a decade-long low as rising costs lead to profit downgrades, signaling economic challenges for the market. The decline reflects investor concerns over corporate profitability amid persistent cost pressures.

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