ASX to open flat; Nvidia sparks tech frenzy on Wall Street

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ASX to open flat; Nvidia sparks tech frenzy on Wall Street
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Australian shares are set to open slightly lower, while Nvidia’s monster forecast sent its share price leaping 27pc and sparked a frenzied rush for tech stocks, rallying Wall Street out of the debt ceiling doldrums.

Australian shares are set to open unchanged as Nvidia’s monster forecast sent its share price leaping 27 per cent and sparked a frenzied rush for tech stocks, rallying Wall Street out of the debt ceiling doldrums.

Reflecting market uncertainty, two-year yields hit their highest since March after ratings agencies Fitch and DBRS Morningstar put the United States on a credit watch for a possible downgrade.

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