General
ASX to fall, wild swings for GameStop and ‘meme stocks’ subside ahead of US regulators meeting
Australian shares are expected to slip in early trade, despite gains across US markets and a recovery in silver prices and “meme stocks” like GameStop.
ASX futures were down 22 points (-0.3pc) to 6,755 points, by 7:30am AEDT.
The Australian dollar recovered (+0.2pc) to 76.2 US cents.
Wild swings in the share price of GameStop and other social media darlings subsided on Wednesday local time, a day after a sharp selloff, as investors turned their focus to the possibility of tighter US trading regulations.
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