Business
ASX to slide, Wall Street drops on Biden tax worries – ABC News
Australian shares are set to follow Wall Street’s losses amid investor concerns in the US over higher income taxes for the wealthy.
The Australian share market is expected to open lower off the back of Wall Street’s slide amid concerns about higher income taxes for wealthy Americans.
Key points:
- US investors worried about tax hikes send Wall Street lower
- Growth stocks like Tesla and Amazon were down
- Australian shares are poised to follow the decline
ASX SPI 200 futures were down by 0.1 per cent to 7,018, by 7:05am AEST.
The Australian dollar was lower than recent days at 77.03 US cents.
In New York, the Dow Jones index dropped…
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