Global markets are mixed as concerns about potentially higher interest rates later in the year continue to weigh on risk sentiment. Stocks on Wall Street fall as a sell-off in major technology companies spreads from Asia to the United States, with investors responding to expectations that borrowing costs could rise by the end of the year.
In Australia, the ASX is set to open higher, indicating that despite the overnight weakness in the US technology sector, local trading sentiment is expected to be more constructive at the start of the session. In the United States and broader global markets, SpaceX shares move higher, reflecting company-specific trading activity amid the wider market uncertainty.
In corporate news, Alibaba sues the United States, adding to the agenda for investors tracking major technology and internet companies. The overall picture across outlets is that interest-rate expectations and the performance of large technology firms remain central drivers of market moves, even as individual stocks see divergent reactions.
