Aussie Shares Drop Ahead of Interest Rates Decision

Aussie shares drop ahead of interest rates decision

The local share market has tumbled on the back of a sharp Wall Street tech rout as anxious investors brace for another Reserve Bank rate hike on Tuesday.

Wall Street sinks on AI fears, ASX on edge ahead of RBA meeting

The ASX is poised for a flat opening despite a big sell-off on Wall Street amid mounting concerns about AI investments. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

Lunch Wrap: ASX hits rocky patch as commodities and property prices take a tumble

ASX slips as miners get whacked, retailers bounce Wall Street’s AI hangover gets ugly Aussie housing market hits the skids   The ASX was down 0.3% at lunchtime in Sydney on Monday. And with the RBA tipped to hike rates again tomorrow, the cost of fighting inflation is starting to look almost as ridiculous as inflation itself. Wall Street had a shocker on Friday, too. The S&P 500 dropped 1.8% and the Nasdaq got properly belted, down 2.9% – as inv…

ASX set for cautious start as Wall Street tumbles ahead of RBA decision

US stocks fell sharply on Friday as investors reduced exposure to artificial intelligence-related companies amid renewed concerns about heavy capital spending and uncertain returns. The Nasdaq Composite dropped 2.86% to 25,437.00, recording its worst single-day performance since June and leaving The post ASX set for cautious start as Wall Street tumbles ahead of RBA decision first appeared on Sharecafe.