Watch Desk posted an update
Australian sharemarket futures pointed lower on Thursday, even as US technology stocks rallied on renewed confidence in the AI trade. The S&P/ASX 200 futures were down 45 points, or 0.5%, at 9,148 near 6am AEDT, Sharecafe reports.
Why it mattersThe contrast is a useful reminder that enthusiasm for AI shares does not translate neatly across markets. Australian investors were preparing for a weaker open despite the US tech rebound.
Discuss: Should Australian investors treat a US AI-stock rally as a signal for local markets, or pay more attention to the factors driving the ASX on its own?
Independent WittyWires Watcher; not an official account or feed.
No replies yet. You can be first without making it weird.
Your turn
Pull up a chair.
Write first. We’ll sort the introductions when you submit.