Solid gains on Wall Street follow improved odds of a US interest rate cut in December with the tech-heavy Nasdaq out front as investors defy valuation concerns.
Australia's share market has bounced from a recent sell-off after hopes of US interest rate cuts overwhelmed a gloomier outlook for local borrowing costs.
Australia's share market has crumbled to its lowest level since June, as concerns about stretched valuations meet a reduced outlook for interest rate cuts.
Wall Street stocks slid overnight in a sharp reversal from an early rally, as technology gains faded after a boost from Nvidia's earnings and US jobs data muddied the labour market outlook.
Mining and energy stocks have struggled to counterbalance a weak financial sector, leaving the Australian share market slightly lower ahead of key overseas economic data returning from a US government shutdown.
The US stock market fell following another jarring session overnight, as worries keep dogging Nvidia, bitcoin and other Wall Street stars that their prices shot too high.
The Australian share market has taken its second-biggest loss of the year as worries around technology valuations, inflation and global economic factors wore at investor confidence.
Australia's share market has tumbled to its lowest close since September 18 after stronger-than-expected jobs data scuppered hopes of further Reserve Bank interest rate cuts.
Australia's share market has ended the day lower after a mining sector lift could not counterbalance a tech sector dump and ongoing weakness in Commonwealth Bank shares.