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Wall Street sinks on AI investment fears as ASX awaits RBA meeting

By ChordNews · First written (updated )

Live: Westpac reports $6.8b profit, ASX on edge ahead of RBA meeting
Image: abc.net.au
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Summary

Wall Street had a big sell-off amid mounting concerns about AI investments. The ASX was poised for a flat opening despite that drop, with markets on edge ahead of the Reserve Bank of Australia meeting. ABC's business reporters followed the day's events on a live markets blog.

This continues an earlier story: Anthropic files plans to float on the share market as Wall Street rallies

Later: Canva to cut or relocate 22% of its workforce in major restructure · Wall Street lifts on renewed AI buying as ASX slides, ANZ posts $7.3b profit

Timeline

  1. ABC

    Source ↗

    ABC's live markets blog reports that Wall Street sank on AI fears and that the ASX was on edge and poised for a flat opening ahead of the RBA meeting.

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