ASX regains ground pushing the index slightly higher in morning trading.
US equity funds withdrew $17.2B as markets retreated from AI rally with chip stocks declining; Fed 82% likely to hold rates. Tech leaders should prepare for slower AI infrastructure spending growth and potential capex reallocation amid valuation uncertainty.
Australian shares fell slightly after rallying last week following strong gains by gold miners.
Australian shares expected to fall slightly after rallying last week following strong gains by gold miners.
Shares on the Australian stock exchange are expected to slip on opening.
The Australian sharemarket has fallen in early trade as shares in the major miners lost ground, while technology shares rallied.