The Australian share market staged a late recovery after tracking towards its worst day in five weeks, as US midterm election results spooked investors and dragged down tech and mining stocks. Concerns about potential AI regulation and data center scrutiny weighed heavily, with Asian chipmakers also hit hard. City Chic rallied on better trading momentum, while household spending data surprised to the upside in September.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

Check out our Market News page

Follow us on:
Instagram
LinkedIn
YouTube
TikTok

The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.