Australian shares are poised to drop, catching a wave of selling that hammered equities in Europe. Tech helped pace the Nasdaq higher and reverse early losses for the S&P 500. Oil plunged, gold slid and copper fell.
ASX futures were down 62 points or 0.95 per cent to 6479 near 6.40am AEST, paring earlier losses of more than 100 points.
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Timothy Moore writes on equities, commodities and monetary policy. He writes Before the Bell and contributes to the Markets Live blog. Connect with Timothy on Twitter. Email Timothy at timothy.moore@afr.com
