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Live: ASX to open lower as the price of oil plunges

The Australian share market is set to open lower as the price of oil plunges more than 9 per cent. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

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abc.net.auStai leggendo1 mese fa

Live: ASX to open lower as the price of oil plunges

ASX opens -0.3% as Brent crude crashes 9.3%; RBA Governor Bullock to signal possible rate hikes today. Rising rates and energy volatility will compress capex budgets for cloud and AI infrastructure investments.

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theage.com.au1 mese fa

ASX opens lower after wild Wall Street swings; oil surges on rising Middle East tensions

Fed holds rates; Nasdaq enters correction (-11%) as chip makers slump on AI profit concerns (SK Hynix -9.6%, Nvidia -3.6%, KLA -10.8%). 10-year Treasury yields hit 4.68%, pressuring capex/M&A plans; oil surge ($88/bbl, +7.3%) on Iran conflict adds infrastructure cost headwind.

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Live: ASX to open lower as the price of oil plunges

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Live: ASX to open lower as the price of oil plunges

ASX opens lower after wild Wall Street swings; oil surges on rising Middle East tensions

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Live: ASX to open lower as the price of oil plunges

ASX opens lower after wild Wall Street swings; oil surges on rising Middle East tensions

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Live: Wall Street sinks after a divided Fed keeps rates on hold, ASX set to fall