Live: ASX set to fall after sharp drops on Wall Street, AUD down
The ASX is expected to open lower following significant declines on Wall Street. The Australian dollar has also weakened, dropping by 0.9%. Rising oil prices amid geopolitical tensions are contributing to market uncertainties.
- ▪ASX 200 futures indicate a 0.4% drop for the opening.
- ▪US indexes experienced sharp declines after reaching record highs.
- ▪Brent Crude oil prices have surged above $US109 a barrel.
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liveLive markets update: ASX set to fall after sharp Wall Street drop from record highs, Australian dollar weakerTopic:Financial MarketsMon 18 May 2026 at 7:19amMon 18 May 2026 at 7:19amMon 18 May 2026 at 7:19amSkip to timelineabc.net.au/news/asx-markets-business-news-live-updates-monday-18-may/106689974Link copiedShareShare articleAustralian markets are set to begin the week in negative territory, with ASX 200 futures pointing to a drop of 0.4 per cent on Monday.Both US indexes dropped sharply from record highs in their last trading sessions.The cost of oil is rising in the wake of uncertainty around the Iran war, with Brent Crude trading at above $US109 a barrel after a surge of more than 3 per cent.Follow the day's financial news and insights from our specialist business reporters on…
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