Australian shares are poised to open higher on Thursday, tracking a rebound in global risk sentiment that emerged from a divergent US trading session.
The S&P/ASX 200 index is expected to continue its upward trajectory, supported by a strong finish for US technology stocks and a resilient performance from the Dow Jones Industrial Average.
The US market close presented a tale of two indices.
While the Dow Jones rose, providing a floor for global risk appetite, the S&P 500 sank as semiconductor stocks faced renewed selling pressure.
The divergence highlights a rotation within the tech sector, where hardware and industrial names held firm while chipmakers faced headwinds.
Marvell Technology and Applied Materials were among the names cited in the broader semiconductor selloff.