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ASX set to slip, Wall Street down in broad sell-off – ABC News

The Australian share market is set to decline for the second consecutive day after Wall Street drops, fuelled by inflation worries in the US.

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The Australian share market is expected to open lower after ongoing inflation fears in the US caused pain on Wall Street. 
Key points:

  • The Australian share market is expected to continue its decline after closing 1 pc down on Tuesday
  • Wall Street loses ground with the Dow Jones index the worst performer 
  • Rising commodity prices and labour shortages in the US are worrying investors 

ASX SPI futures were down by 0.6 per cent to 7,024, around 7:00am AEST. 
The Australian dollar was up 0.1 per cent and…

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