Australian shares to follow US stocks lower on mixed earnings, US-China tensions — Capital Brief
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7:39am on 23 October 2025
The news: Australian shares are poised to drop at the open after each of Wall Street’s main indices closed lower on the back of a slate of mixed third-quarter earnings results.
The numbers: Updated at 7:30am AEDT:
ASX futures: down 16 points to 8,999Wall Street: Dow Jones down 0.71%, S&P 500 down 0.50% and Nasdaq down 0.93%Europe: CAC 40 down 0.63%, DAX down 0.74% and FTSE 100 up 0.93%Spot gold: down 0.48% to USD4,104 per ounceOil prices: Brent up 3.26% at USD63.32/bbl and US WTI up 3.44% to USD59.21/bblAUD: flat at 64.89 US centsBitcoin: down 0.48% to USD107,884.
The context: US stocks fell overnight as streaming giant Netflix (-10.1%) and semiconductor company Texas Instruments (-5.6%) both tumbled following the release of their Q3 results.
Elon Musk’s car maker Tesla, the first of the so-called ‘Magnificent Seven’ tech megacaps to report this cycle, fell 1.5% in after-hours trading after missing estimates for the quarter.
Elsewhere, investors weighed media reports that the Trump administration is considering curbs on exports to China on a range of US-made software, including ERP, CRM and CAD systems.
In the local market, insurance group IAG, bourse operator ASX, hearing device maker Cochlear and mining giant BHP are among the companies holding their annual general meetings today.
The sources: Reuters, Bloomberg
By
Hugo Mathers
Topics:
Markets
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