ASX slips in early trade; Sunrise Energy jumps after Pentagon deal The Australian Securities Exchange (ASX) slipped into negative territory in early trade on Wednesday, despite a strong performance from technology stocks.
The broader market's decline was led by Nvidia and Broadcom, which propelled the sector to new heights. However, beneath this surface level optimism lies a more nuanced reality.
Investors are increasingly wary of an economy where fewer people are working, as Peter Graf, chief investment officer at Amova Asset Management Americas, warned in his research note: "investors should be wary of the future growth potential of an economy where fewer people are working.