ASX LIVE: Australian shares to open lower

  • 📰 FinancialReview
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Australian shares are poised to drop. $A tumbles. Bitcoin below $US19,000. Follow updates here.

After spending much of 2022 playing defense, professional speculators are reasserting themselves with aggressive equity bets on both the short and long side.

The moves resulted in their busiest week by notional trading volume in a year. The same trends were observed by Morgan Stanley, where hedge-fund clients boosted holdings in single stocks in areas such as technology and health care, while adding shorts against exchange-traded funds.

 

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ASX to fall, $A drops on US economy’s resilienceAustralian shares are poised to open lower, as Wall Street slid on bets an ever widening path is opening for higher US interest rates. Bitcoin tumbles.
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