Connect with us

Business

Wall St recovers from tech sell-off as bitcoin drops from record high, ASX to slip – ABC News

Australian shares are expected to open lower as Wall Street investors, fearing an overvalued market, dump their high-flying tech stocks and bitcoin … until an…

Published

on

Article feature image

Australian shares are expected to open lower as global investors, fearing an overvalued market, dumped their high-flying tech stocks and bitcoinonce again.
ASX futures were down 26 points (-0.4pc) to 6,765, by 8:40am AEDT a big turnaround, considering they had dropped almost 80 points at one stage.
The Australian dollar was steady at 79.1 US cents.
In economic news, the Bureau of Statistics (ABS) will release figures on workers’ pay rises in the December quarter, and the amount of construction activity…

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

Billionaire Hamish Douglass says that rising interest rates could cause a share market crash
5 things to watch on the ASX 200 on Wednesday 2 March 2021