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ASX set to slide as tech slump, rising oil prices hurt Wall Street; CBA profits rise to $2.7b

The Australian sharemarket is set to slide lower on the back of a negative Wall Street lead while investors will also have to digest the ramifications of the federal budget.

First seen · 10:40 PM UTCMay 13, 2026

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The Sydney Morning Herald
Center-LeftNine Entertainment
ASX set to slide as tech slump, rising oil prices hurt Wall Street; CBA profits rise to $2.7bThe Australian sharemarket is set to slide lower on the back of a negative Wall Street lead while investors will also have to digest the ramifications of the federal budget.
10:40 PM UTC

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