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ASX Set for Uncertain Start, Wall Street’s AI Slump Picks up Pace

SoftBank fell 12.5% as investor concern over AI stocks dragged Japanese and South Korean markets lower, while ASX futures pointed to a 0.2% gain.

Most of the US stock market rose after oil prices eased back to where they were before the war with Iran, but drops for stocks swept up in the mania around AI kept the market in check.

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Australian Financial Review broke the news in Sydney, Australia on Sunday, June 28, 2026.
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