ASX briefings — Wednesday 10 June 2026

Wall Street tech selloff and an Iran flashpoint set the ASX up for a softer open, US CPI due tonight

Wall Street's pivot out of mega-cap tech resumed and a late Iran flashpoint dragged the S&P 500 to a 2.3% intraday low before it closed -0.26%. Apple fell 3.64%, the VIX spiked to 23 intraday, and Brent rose 1.04% to US$92.40. The ASX is set for a softer open ahead of tonight's US CPI, tipped at +4.2% year-on-year.