Lower chance of RBA rate hike in November, AI stocks tumble | Finance Report | ABC NEWS
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The market odds of a November interest rate hike fell substantially after the ABS released worse-than-expected job numbers, which revealed Australia's unemployment rate is now at a five-year high. A global tech and AI sell-off led to steep falls across US, Japanese and South Korean share markets. Though the ASX 200 fell by just 0.1 per cent as banking stocks offset losses across other sectors. Presented by David Chau. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-10-15/asx-markets-business-news-live-updates-thursday-15-october/107268248 Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia #ABCBusiness
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