organisation

Australian Securities Exchange

Australian stock exchange

Business · ASX set to slide as AI stock sell-off drags Wall Street lower; oil hits highest since May

The Australian sharemarket is expected to fall at the open on Friday, following a broad sell-off on Wall Street led by artificial intelligence stocks, while oil prices climbed to their highest level in five months amid uncertainty over the war with Iran. Futures pointed to a loss of 19 points, or 0.2 per cent, for the ASX, after the local bourse lost 0.4 per cent on Thursday.