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IrelandAustralia's small tech sector cushions global AI share sell-off
ABC News explains why Australian shares fell less sharply than overseas markets, while miners remained exposed to data-centre worries.
ABC News (Australia)
Story of Why this story? One of ABC News (Australia)'s most watched videos since yesterday, with 54,310 views.
ASX drops after Wall Street's brutal AI sell-off | Finance Report | ABC NEWS
Australia's share market escaped the worst of a global technology sell-off, but its mining companies were not insulated from concerns about the AI building boom, ABC News reports.
Finance presenter David Chau puts the difference down to the market's composition: technology accounts for only a small part of Australian shares. Wall Street and several Asian markets have much greater exposure to tech and AI companies.
Chau reports that US$2.5 trillion was wiped from Wall Street's top tech companies as investors worried about slower data-centre construction. ABC links those concerns to expectations that stronger Democratic majorities in Congress could bring tighter restrictions on new projects.
The Australian connection runs through raw materials as well as technology. BHP and Rio Tinto fell as investors anticipated weaker demand for the metals needed to build that infrastructure, according to the report.
Elsewhere, Chau reports that Qantas shares were steady after the airline announced fare increases and flight cuts. Oil rose, gold and copper fell, and the Australian dollar weakened.
The bulletin ends with a domestic concern beyond share prices: polling suggesting most Australians doubt the Reserve Bank will meet its inflation target over the coming years, alongside a chart showing how its forecast timetable has shifted.
Australia's central bank, which also issues the country's banknotes.
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- Channel
- ABC News (Australia)
- Subscribers
- 2,640,000
- Channel views, last 7 days
- 13,178,225
- Channel views, pace per day
- 2,608,704 (on a normal day: 1,478,465)
- Video published
- November 6, 2026
- Video views so far
- 54,310 (less than a day online)
- Video views, pace per day
- 59,446
The numbers
ABC's finance report drew roughly 54,000 views since yesterday, the largest audience among the channel's new uploads.
💡 Test your knowledge
Which airline announced fare increases and flight cuts in ABC's report?
Chau reports that Qantas shares were steady after its announcement of higher fares and flight cuts.