Wall Street stumbled into September, with US stocks falling as a ruling on Trump-era tariffs added to uncertainty. Bond market turbulence persisted as debt sales ramped up, while US manufacturing activity contracted for a sixth straight month. In company news, Warren Buffett said he was disappointed by the Kraft Heinz split, which weighed on its stock performance. In commodities, gold surged to record highs and oil gained after the US imposed sanctions on Iran. Closer to home, Australian shares are set to fall for a fourth consecutive session, with investors awaiting key economic growth data.

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