Australia’s stock market braces for another dip as Wall Street’s losses ripple across global markets, with the ASX poised for its sixth consecutive downward day. Government borrowing costs are soaring to multi-decade highs in the U.S., Japan, and Germany, driven by ballooning deficits and shaky economic outlooks — a trend that’s squeezing businesses and consumers alike. Investors grow wary, pulling back from riskier assets like stocks amid rising trade tensions, AI-driven tech spending wars, and mounting fiscal concerns. Meanwhile, oil prices surge to a three-week high on geopolitical nerves, adding fuel to fears of slowing global growth.
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