Australian shares fell minutes after the open, tracking losses in New York as the technology rally petered out and investors refocused on the outlook for interest rates.
The S&P/ASX 200 dropped 0.7 per cent, or 58 points, at the opening bell on Friday, extending this week’s losses. The index hit a three-week low on Thursday after a surprisingly strong jobs report dented hopes of an early interest rate cut by the Reserve Bank.
Source: https://www.afr.com/markets/equity-markets/asx-to-fall-wall-st-lower-as-tech-rally-stalls-20241213-p5ky2u