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ASX set to end losing run after overnight tech rally

Summary

  • SPI futures are up 1% and point to early gains for the ASX 200 on Wednesday
  • A rise for the local bourse would snap a four-day losing streak that has driven the market to a three-month low
  • Wall Street rebounded from seven-week lows overnight on the strength of tech giants including Amazon, Microsoft, Apple, Alphabet and Facebook
  • The Aussie dollar has eased further against the greenback and was worth US71.67¢ before the open of markets

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Good morning

Good morning, and welcome to this hump day edition on Markets Live. Your editor today is Alex Druce.

The local bourse is set to bounce from a three-month low and snap a four-day losing streak after an overnight tech rally in the US.

Wall Street rebounded from seven-week lows on the strength of Amazon, Microsoft, Apple, Alphabet and Facebook.

This blog is not intended as financial advice.

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