Australian shares set to trade cautiously as markets in China, Japan remain shut

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SPI 200 futures were down 0.37% at 7,009 compared to the ASX 200's last close at 7,067.90.

where the S&P 500 fell amid selling in Big Tech and other high-growth stocks while the Nasdaq Composite registered its worst day since March.

"There is some concern that the best of the improvement in US earnings may have already occurred after the The former Fed chair later tempered her comments somewhat on the need for higher rates, saying she respects the Federal Reserve's independence and was not trying to influence decision-making there.

 

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