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Australian shares slip below 9,000 level as AI regulation fears hit miners, tech
Australian shares slipped back below the 9,000 level on Friday, weighed down by miners and technology stocks as fears of tighter oversight of AI and data-centre investments following Democrats’ sweep of the US Congress triggered a selloff on Wall Street. The S&P/ASX 200 index fell 0.8% to 8,994.50 points by 2346 GMT, on track for its biggest daily drop since October 1. The benchmark rose 2.6% on Thursday, climbing above the psychologically important 9,000 mark. Global sentiment weakened overnight after the Nasdaq recorded its steepest daily decline since the April 2025 “Liberation Day” sel...
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