Australian equities are poised to open lower, dragged down by a broad sell-off in US markets and declining commodity prices.
The ASX 200 faces immediate pressure as Wall Street reversed earlier gains, with selling concentrated in the technology sector.
US crude oil prices fell below US$70 a barrel, while gold and bitcoin also retreated, with the cryptocurrency dropping below the US$60,000 level.
This marks the second consecutive session of weakness for US tech stocks, reflecting growing investor caution around the artificial intelligence trade.
Commodity markets also provided little support for the Australian market.
US crude oil prices fell below US$70 a barrel, while gold and bitcoin also retreated, with the cryptocurrency dropping below the US$60,000 level.
The broad-based decline in risk assets suggests a flight to safety that is likely to spill over into Sydney’s opening bell.