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Almost every sector on Australian stock market down after US tech sell-off — as it happened
The Australian share market has fallen today after a bumper day yesterday.
Overnight, shares fell on Wall Street as investors sold off tech giants amid fears of regulation.
Meanwhile, Qantas has flagged fare rises and flight cuts due to increasing fuel costs.
Look back on how the trading day unfolds on our blog.
We'll end our markets live coverage here and thank you for staying with us.
Our team will be back on deck on Monday with all the latest.
Until then, you can catch up on today's developments below, or download the ABC News app and subscribe to our range of news alerts for the latest news.
ASX to rise as ‘shell-shocked’ investors question AI buildout
The Australian sharemarket looks set to outperform Wall Street as investors fret over restrictions on artificial intelligence and data centres in North America, pushing them towards domestic blue-chip stocks.
Futures indicate that the S&P/ASX 200 will open 0.2 per cent higher on Monday, following a subdued recovery in the United States, when some investors braved the volatility to buy the dip in technology stocks.
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Sharemarket dips but ends week higher despite risks
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Australian shares have limped across the finish line but notched a second straight week of gains, despite facing a slew of domestic and global risks.
The S&P/ASX200 fell 44.3 points on Friday, down 0.49 per cent, to 9020.8, as the broader All Ordinaries lost 60.5 points, or 0.66 per cent, to 9144.7.
The top-200 was still up 1.2 one per cent since Monday and has risen for five of the past six weeks, despite the Reserve Bank hiking the official cash rate to 4.85 per cent on Tuesday, its highest level since 2008.
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