Australian shares slip below 9,000 level as AI regulation fears hit miners, tech

Australian shares slipped back below the 9,000 level on Friday, weighed down by miners and technology stocks as fears of tighter oversight of AI and data-centre investments following Democrats’ sweep of the US Congress triggered a selloff on Wall Street. The S&P/ASX 200 index fell 0.8% to 8,994.50 points by 2346 GMT, on track for its biggest daily drop since October 1. The benchmark rose 2.6% on…

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Business Recorder06:421 hr ago
Australian shares slip below 9,000 level as AI regulation fears hit miners, tech (opens Business Recorder in a new tab)
Australian shares slipped back below the 9,000 level on Friday, weighed down by miners and technology stocks as fears of tighter oversight of AI and data-centre investments following Democrats’ sweep of the US Congress triggered a selloff on Wall Street. The…

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