Business
ASX set to dive as Wall Street’s tech plunge continues – Sydney Morning Herald
The selloff on Wall Street extended into a third day, setting up the Australian sharemarket for heavy losses this morning.
The Dow Jones fell 2.3 per cent, the S&P 500 lost 2.8 per cent and the Nasdaq dropped 4.1 per cent. At 6.22am AEST, futures are pointing to a fall of 97 points, or 1.6 per cent, for the ASX at the open. On Tuesday, the ASX gained 1.1 per cent.
Energy shares slumped 3.7 per cent as oil prices fell below $US40 a barrel.
Media reports of SoftBank’s option purchases also reminded investors that market makers might have billions of dollars’ worth of long positions as hedges against options trad…
-
General12 hours agoMan arrested after alleged carjackings, dramatic pursuit in Melbourne CBD
-
General15 hours agoSix NRL players named in England rugby league Ashes sqaud, Man of Steel winner not selected
-
Noosa News18 hours agoOpera brilliance in Noosa | Noosa Today
-
Business15 hours agoBuy these ASX dividend shares for 4% to 6% yields