Business
ASX set for gains despite tech-led Wall St sell-off – ABC News
US markets fall on a renewed tech sell-off, while mining is the only sector to rise, pointing to positive trade on the resources-heavy Australian share market.
The Australian share market is rising on open, as investors hope for positive GDP figures on Wednesday.
Key points:
- ASX 200 was up 0.5 per cent at the open on Wednesday
- The Nasdaq fell 1.7pc, the S&P 500 0.8pc and the Dow Jones 0.5pc
- Mining stocks were the only sector to rise on US markets, with tech leading the sell-off
As of 10:30am AEDT, the ASX 200 was 0.5 per cent higher at 6,796, recovering losses from Tuesday’s trade.
That comes after a week of positive news for the Australian economy, such…
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