Nvidia plummets almost $1 trillion in record Wall Street wipeout, ASX closes lower — as it happened

The local share market failed to hang on to mid-session gains, closing in the red. It followed a technology rout on Wall Street, fuelled by the rapid rise of Chinese AI start up DeepSeek. Here’s how the trading day played out, with insights from our business reporters. The local share market failed to hang on to mid-session gains, closing in the red. It followed a technology rout on Wall Street, fuelled by the rapid rise of Chinese AI start up DeepSeek. Here’s how the trading day played out, with insights from our business reporters. Stock Market, Financial Markets, Currency, Company News, Business, Economics and Finance, Economic Trends and Indicators, Cryptocurrency Latest business news