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ASX to slide, techs trigger global selloff – The Australian Financial Review

Australian shares are set to open lower, taking their direction from overseas selling. Yellen sees potential need for higher US interest rates. $A drops.



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It could cause some very modest increases in interest rates to get that reallocation, but these are investments our economy needs to be competitive and to be productive.
On Wall Street, all three benchmarks were sharply lower at midday, though they pared their losses by the close. The Dow finished up 0.1 per cent, while the S&P 500 ended down 0.7 per cent.
The Nasdaq lost 1.9 per cent, it earlier tumbled 2.5 per cent. The NYSE Fang + Index slid 1.9 per cent. Apple ended down 3.5 per cent, it earlier…

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