Australian shares are set to open higher on Thursday, buoyed by a rebound in global risk sentiment and mixed but impactful results from major US technology firms.
The S&P/ASX 200 index is expected to continue its upward trajectory, following a session on Wednesday where the benchmark rose as much as 0.4% to 8,823.2, supported by strength in financial and technology sectors.
In the US, Apple shares fell sharply after the company announced sweeping price increases across its product lineup, raising concerns among investors about potential demand elasticity.
Conversely, Micron Technology surged following a strong earnings report and an optimistic outlook, highlighting the divergent paths within the semiconductor and consumer electronics sectors.
The S&P 500 edged higher in the session, reflecting a broader market resilience despite the tech-specific volatility.
Commodity markets also showed signs of stabilization.