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ASX to slip, broad megacap tech drop hits Nasdaq

Australian shares are poised to open modestly higher, reversing earlier weakness. Nvidia and Apple each dropped sharply on company-specific news, before some buyers stepped in.

Iron ore and oil rose. Gold was lower. Bitcoin extended its slide to start the new year, briefly trading below $US90,000. US bond yields pressed higher, with the US 10-year reaching 4.8 per cent. The UK equivalent was at 4.88 per cent, the highest level since the global financial crisis in 2008.

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