Australian Share Market Poised for Lower Open Following Wall Street Declines
The Australian share market is anticipated to open lower today. This forecast comes on the heels of significant declines observed on Wall Street.
The downturn in the U.S. market was primarily attributed to substantial losses in the share prices of major technology and artificial intelligence companies, including industry giants such as Nvidia and Microsoft.
Bitcoin Reaches 16-Month Low
Simultaneously, the cryptocurrency Bitcoin has experienced a sharp fall, reaching a 16-month low. It is currently trading below $73,000 US dollars.