Overview
Australian shares are poised to advance, tracking a tech recovery in New York as a sell-off triggered by yet more concerns about AI disrupting a wider range of sectors reversed, somewhat.
ASX 200 futures were pointing up 61 points or 0.7 per cent to 9042 near 8am AEDT. The S&P 500 closed 0.8 per cent higher, with consumer discretionary and industrials leading nine of the benchmark’s 11 industry sectors higher.
Source: https://www.afr.com/markets/equity-markets/asx-to-rise-amd-paces-strong-tech-rebound-20260225-p5o570