ASX Squeezed by AI Panic, Oil Spike and 5% Yields

8,734 — That's where S&P/ASX 200 futures sat at the 6:18am AEST open, down 14 points or 0.2%, as a toxic cocktail of AI sell-offs, surging oil and a historic bond yield breach conspired to drag Australian equities into the red.

Money Moves

• AI Slowdown Call Shocks Tech — Anthropic CEO Dario Amodei, backed by Elon Musk and OpenAI's Sam Altman, called for a deliberate global slowdown in AI development, citing safety risks. Markets recoiled: **Nvidia sank...