ASX set to fall as sinking AI stocks and rising oil prices weigh down Wall Street
The ASX extended its losing streak to seven sessions as inflation rose to a near three-year high, driven by surging petrol prices, despite being slightly below market expectations. The S&P/ASX 200 closed down 0.3%, with rising oil prices and inflation concerns bolstering expectations of further rate hikes by the Reserve Bank. While underlying inflation remained moderate, higher fuel costs and global supply disruptions continue to pressure policymakers.
- ▪Inflation in Australia reached 4.6% in March, up from 3.7% in February, but below the expected 4.8%.
- ▪The S&P/ASX 200 fell 23.7 points, or 0.3%, to close at 8687, marking its seventh consecutive session of losses.
- ▪Petrol prices surged 32.8% in March, the largest monthly increase since the Australian Bureau of Statistics began tracking monthly inflation in 2017.
- ▪Underlying inflation, closely monitored by the RBA, rose moderately by 0.3%, with trimmed mean inflation steady at 3.3%.
- ▪Oil prices remained elevated, with Brent crude near $US111 a barrel, due to ongoing disruptions from Middle East supply issues and the closure of the Strait of Hormuz.
3 outlets in our directory ran this story, first to last over 14 hours. All of the coverage we found sits in one bucket: centre. That one-sidedness is itself worth noticing.
Sydney Morning Herald publishes from Australia and files mainly under world. We currently carry 3,705 of its stories.
Story provenance
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Story provenance
Attribution is not the same as permission. This drawer separates discovery metadata, excerpts, WeSearch-generated summaries, reuse status, and whether the publisher receives the visit. Nothing here claims a legal grant the publisher has not made.
Record
| Original publisher | The Sydney Morning Herald |
| Canonical URL | https://www.smh.com.au/business/markets/asx-set-to-fall-as-sinking-ai-stocks-and-rising-oil-prices-weigh-down-wall-street-20260429-p5zrvj.html?ref=rss&utm_medium=rss&utm_source=rss_feed |
| Publication time | Wed, 29 Apr 2026 05:15:56 +1000 |
| Retrieval time | 2026-04-28T19:17:57.375Z |
| Last seen | 2026-04-28T19:17:57.375Z |
| Headline source | Publisher (no WeSearch rewrite) |
| Excerpt source | publisher body |
| Excerpt method | First ~120 words (~800 chars) of extracted publisher body, fair-use limited. |
| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
| Citation coverage | Summary is a WeSearch-generated derivative; primary citation is the original publisher URL. |
| Cluster | OE7mpN2BpB8c · 3 stories |
| Cluster logic | Grouped by semantic title/content similarity across sources within a rolling window. Same-publisher template collisions are excluded from coverage comparison. |
| Ranking reason | Story pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking. |
| Publisher visit | Yes — open original |
| Substitutes article? | No — link-out required for full text |
Rights status (four layers)
WeSearch handling by dimension
| Indexing | May the item be indexed (stored, ranked, made findable)? | Allowed |
| Snippet | May a short excerpt of the publisher's text be shown? | Allowed |
| AI summary | May WeSearch generate its own short summary of the article? | Limited |
| Retrieval / RAG | May the content be exposed for third-party retrieval-augmented generation? | Not asserted |
| Model training | May the content be used to train AI models? | Not asserted |
| Commercial reuse | May the content be reused commercially? | Not permitted |
Basis: Derived from the published RSS/Atom feed. Contact: [email protected]. Reviewed: 2026-07-24.
Opening excerpt (first ~120 words) tap to expand
{"@context":"https://schema.org","@type":"NewsArticle","dateModified":"2026-04-29T07:33:57Z","datePublished":"2026-04-28T19:15:56Z","description":"Sharemarket trims early losses after latest figures show inflation is not as high as investors feared.","headline":"ASX extends losing streak as inflation jumps; G8 Education slumps","keywords":"World markets, Wall Street, Just in, Shares, Inflation","author":[{"@type":"Person","name":"Staff…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.