Australian shares are set to fall as oil prices surge above $US100 a barrel and Wall Street's tech sell-off deepens. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

The Australian share market is likely to start its day higher after Wall Street's beaten-down tech and semiconductor stocks rebounded sharply overnight. Oil prices surged to a…

ASX futures down; S&P 500 sheds more than 1pc; mag seven shred $1 trillion of value as Tesla tumbles 14pc, Alphabet drops 6pc. Follow live.