ASX dips, led by slump in supermarket giant Coles's share price | Finance Report | ABC NEWS

By ABC News (Australia)

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The Australian share market has eased slightly, led by a big slump in Coles's share price after the ACCC used new powers to block a proposed supermarket expansion in Kalgoorlie. US tech stocks with any kind of connection to AI surged overnight, boosting Wall Street's industrial index, the Dow Jones, to a new record high for a second straight day, while the S&P 500 and Nasdaq posted even bigger daily rises. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-07-01/asx-markets-business-live-news/106863906 Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia

Tags: Australia, abc, abc news, news, finance, finance news, finance report, finance report abc news, alan kohler, alan kohler finance report, coles, asx, shares, share market, share market news, stock market, stock market news, australian dollar rate

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