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The ASX has continued trading lower on Friday, with Jack Dorsey's Block Inc dropping 18 per cent in the wake of a scathing report by short-seller Hindenburg that alleged the company "misled" investors. Follow live.
ASX gains; Fed decision ahead; KMD returns to profit; Monadelphous wins $125m contracts; Star with new chairman; $A below US67¢; oil 2pc higher.
ASX futures up 0.65pc. Dow leads Wall Street higher. Regulators update on convertible debt rules. Bank sector steadies. New Hope declares dividend 30¢ per share. $A edges up.
Australian shares are set to rise, bolstered by a rally in New York as America’s biggest banks agreed to help steady First Republic. Life360 reports 103 per cent revenue increase.
Australian shares are down 0.6pc; New York state regulators close Signature Bank; US futures rally on Fed statement; Aussie bond yields sink; Fletcher Building served with class action; Xero ‘no material exposure’ to SVB. Follow updates here.