ASX to brush off Wall Street carnage as AI rout deepens - AFR

Markets Equity Markets Shares Print article Alex Gluyas Markets reporter Updated Oct 18, 2026 – 2.26pm , first published at 11.47am The Australian sharemarket is likely to be insulated from the global sell-off in technology stocks that was triggered by a fresh spike in oil prices and concerns about whether the companies pouring trillions of dollars into artificial intelligence will generate sufficient returns. Futures indicate the S & P/ASX 200 will open 0.1 per cent lower on Monday as the bourse’s lack of direct exposure to AI stocks sparks a burst of outperformance compared with Wall Street. Loading... Save Log in or Subscribe to save article Share Copy link Copied Email LinkedIn Twitter Facebook Copy link Copied Share via... Gift this article Subscribe to gift this article Gift articles to anyone you choose each month when you subscribe. Subscribe now Already a subscriber? Login License article Read More Shares Investing Sharemarket Wall Street AI SpaceX Elon Musk Fetching latest articles