Australian shares are poised to end a 10-day winning streak, down 0.3% to 8003 points by midday, reflecting a negative Wall Street session where the Nasdaq dropped 1.7%. Investors are closely analyzing ASX earnings for market direction cues.
Equities drifted lower overnight as rising bond yields forced investors to opt for caution a day ahead of Federal Reserve chairman Jerome Powell’s speech at Jackson Hole.
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