Australian Market Set for Lower Open After Wall Street Tech Sell-Off
The Australian share market is anticipated to open lower, tracking significant declines on Wall Street.
This movement is attributed to substantial losses in the share prices of technology and artificial intelligence companies, such as Nvidia and Microsoft. The downturn in these high-growth sectors has weighed heavily on investor sentiment, dragging down broader market indices.
Bitcoin Slips to 16-Month Low
In a separate but notable market movement, the cryptocurrency Bitcoin has reached a 16-month low.
Bitcoin is now trading below $73,000 US dollars, reflecting continued pressure on digital assets amid a risk-off mood in global financial markets.