Australia's stock market is forecast to open lower following major US tech company losses.

Australia's share market is expected to open lower due to a sell-off in major US tech companies, leading to a 0.35% drop in local bourse futures, pointing to an opening of 8228. The S&P 500 and Nasdaq 100 lost 1.1% and 1.4% respectively, with tech giants known as the "Magnificent Seven" hit hardest. Financial advisor Kenny Polcari advises against major investment decisions this week due to light trading volumes and possible exaggerated market moves.

3 months ago
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