Swingfolio Daily
ASX briefings — Thursday 4 June 2026
Morning setup and afternoon close recap for Thursday 4 June 2026. Observations only — no trade advice.
Thursday 4 June 2026
ASX 200 set to open 0.75% lower as a software selloff snaps Wall Street's nine-day climb
Wall Street snapped a nine-day S&P 500 winning streak on Wednesday, the Dow off 1.21% as US yields firmed to 4.46% and software names sold the news after the bell. Broadcom and CrowdStrike both fell despite beating. SPI futures point the ASX 200 about 0.75% lower, handing back Wednesday's 0.70% GDP-driven gain, with the AUD at 0.7131 and metals a touch softer.
ASX 200 falls 1.13% to 8,686 as a Materials rout overpowers a defensive bid
Australia's sharemarket reversed the prior session's gain, with the S&P/ASX 200 down 1.13% to 8,686.1 on 4 June 2026. A 3.19% Materials slide led by BHP, Rio and Fortescue drove the fall as iron ore eased toward US$103 a tonne, while Treasury Wine Estates surged 13.11% on an investor-day reset and defensive sectors finished higher.