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ASX to fall, wild swings for GameStop and ‘meme stocks’ subside ahead of US regulators meeting – ABC News
The Australian share market is expected to slip in early trade, despite gains on Wall Street and a recovery in silver prices and “meme stocks” like GameStop.
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 18 points (-0.3pc) to 6,759 points, by 9:00am 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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