Ahead of the Reserve Bank of Australia's rate decision, the Australian dollar weakened slightly against the US dollar, hitting a new intraday low of 0.7049, down about 0.3%.
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The three major US stock indexes opened lower. Apple rose 1%, Alibaba fell 2.29%.
The Dow Jones opened down 0.22%, the Nasdaq dropped 0.61%, and the S&P 500 fell 0.33%. Among leading tech stocks, Apple rose 1%, Super Micro Computer fell 2.26%, and Qualcomm dropped 1.17%. The Nasdaq Golden Dragon China Index declined 0.41%, with Alibaba down 2.29% and Baidu falling 1.52%.
SpaceX seeks $40 billions in funding to purchase Nvidia chips; stock drops 1.5%
SpaceX (SPCX.US) fell by 1.5%. Reports indicate that the company is seeking $40 billion in financing to purchase Nvidia chips.
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