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ASX to rise as EOFY reset outweighs Middle East fears

Traders are hoping that a fresh year will reinvigorate the local bourse, as they stare down fresh hostilities in the Middle East and Wall Street’s AI jitters.

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ASX live updates shares to rise as EOFY approaches despite US strikes in Middle East

ASX opens 0.2% higher on new financial year and tax-loss reset, but Nasdaq slid 4.5% on scrutiny of AI capex returns. Implication for tech leaders: market is demanding tighter ROI justification on foundation model infrastructure—blind CapEx scaling narratives ending.

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smh.com.au2 g fa

ASX opens higher, US-Iran talks set to resume; Oil edges up

US-Iran ceasefire lifts ASX and oil, but AI stocks dive on profit concerns; Micron drops 6.7% as Apple raises laptop prices on memory costs. For IT leaders, the shift is clear: AI CapEx moves from growth-at-any-cost to rigorous ROI accountability.

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ASX to rise as EOFY reset outweighs Middle East fears

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ASX live updates shares to rise as EOFY approaches despite US strikes in Middle East

ASX opens higher, US-Iran talks set to resume; Oil edges up

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Live: ASX set to open higher