Australian shares are poised to drop after Wall Street extended losses from Friday after a long weekend.
The 10-year yield rose to 4.26 per cent, adding to pressure on Wall Street. Europe’s bond market reached a record €49.6 billion ($88.6 billion) in a single day, as the UK and Italy offered massive issuance deals.
Market highlights
Nvidia dragged the market down with a 3.9 per cent loss, below a key technical level.
Kraft Heinz fell 3.5 per cent after announcing it would split into two, a decade after a super merger that created one of the world’s biggest food companies. Warren Buffett, who orchestrated the original merger, conceded it had not been a brilliant idea. Gold hit a record high.
Source: https://www.afr.com/markets/equity-markets/asx-to-open-down-nvidia-falls-as-wall-st-extends-losses-20250902-p5mrwv