Live: ASX set to fall after sharp drops on Wall Street, AUD down
The ASX is expected to open lower following significant declines on Wall Street. The Australian dollar has also weakened, dropping by 0.9%. Rising oil prices amid geopolitical tensions are contributing to market uncertainties.
- ▪ASX 200 futures indicate a 0.4% drop for the opening.
- ▪US indexes experienced sharp declines after reaching record highs.
- ▪Brent Crude oil prices have surged above $US109 a barrel.
ABC News (Australia) publishes from Australia and files mainly under world. We currently carry 1,394 of its stories.
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Record
| Original publisher | ABC News (Australia) |
| Canonical URL | https://www.abc.net.au/news/2026-05-18/asx-markets-business-news-live-updates-monday-18-may/106689974 |
| Publication time | Sun, 17 May 2026 21:19:41 +0000 |
| Retrieval time | 2026-05-17T21:33:21.000Z |
| Last seen | 2026-05-17T21:33:21.000Z |
| 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 | ngiZFwzKWH9d |
| 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 |
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| 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
liveLive markets update: ASX set to fall after sharp Wall Street drop from record highs, Australian dollar weakerTopic:Financial MarketsMon 18 May 2026 at 7:19amMon 18 May 2026 at 7:19amMon 18 May 2026 at 7:19amSkip to timelineabc.net.au/news/asx-markets-business-news-live-updates-monday-18-may/106689974Link copiedShareShare articleAustralian markets are set to begin the week in negative territory, with ASX 200 futures pointing to a drop of 0.4 per cent on Monday.Both US indexes dropped sharply from record highs in their last trading sessions.The cost of oil is rising in the wake of uncertainty around the Iran war, with Brent Crude trading at above $US109 a barrel after a surge of more than 3 per cent.Follow the day's financial news and insights from our specialist business reporters on…
Excerpt limited to ~120 words for fair-use compliance. The full article is at ABC News (Australia).