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‘Elon effect’ drops Bitcoin as HBO Warner to merge and ASX to rise despite US lull – ABC News

The Australian share market is set to modestly rise, despite tech stocks on Wall Street pulling that market lower. Elon Musk is still tweeting about Bitcoin and…

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The Australian share market is set to modestly rise, despite tech stocks on Wall Street pulling that market lower.
Key points:

  • Tech stocks dragged down Wall Street on its first day of trade for the week
  • Bitcoin is at a three-month low after more tweeting by Tesla boss Elon Musk
  • Despite that, the ASX 200 is set to rise today

At 7:00am AEST, ASX 200 futures were up 0.2 per cent.
The benchmark closed 0.1 per cent up on Monday after it was pulled higher by energy stocks.
Meanwhile, globally the price…

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