Australian shares are poised to open modestly higher, reversing earlier weakness. Nvidia and Apple each dropped sharply on company-specific news, before some buyers began to step in.
Iron ore and oil rose. Gold was lower. Bitcoin extended its slide to start the new year, briefly trading below $US90,000; it was back above $US93,000 late in New York’s trading day.
Source: https://www.afr.com/markets/equity-markets/asx-to-slip-broad-megacap-tech-drop-hits-nasdaq-20250114-p5l419