Live: ASX set to fall despite gains on Wall Street

live Markets live: ASX set to fall despite Wall Street rebound, KPMG faces Senate hearing The ASX is set to open lower, with futures pointing to a 0.5 per cent decline. That is despite US shares rebounding after the previous session's sell-off, led by technology stocks. Meanwhile, Big 4 consulting firm KPMG is facing a public reckoning today, with a parliamentary hearing set to examine allegations it used confidential client information to secure new business. Follow the day's financial news and insights from our specialist business reporters on our live blog. Disclaimer: this blog is not intended as investment advice. Submit a comment or question Live updates Fri 19 Jun 2026 at 7:28am ASX set to fall as Wall Street rebounds Good morning, and welcome to the ABC’s daily business and finance blog. I'm Lin Lin, taking you through the news overnight and into the morning. Wall Street rebounded after yesterday's losses, with chip stocks leading the gains. The S&P 500 added 1.08%, Nasdaq Composite climbed 1.9% an the Dow Jones rose by 0.14%. Despite that, ASX futures are pointing to a weaker start, suggesting the local share market will open 0.5% lower this morning. Brent crude futures are holding below $US80 a barrel. Meanwhile, Elon Musk's SpaceX slipped for a second consecutive session after surging in its first few days of trading following last week's debut. Starting soon, my colleagues Jason and Emilia will be live blogging the Senate's grilling of KPMG's leadership. Grab your coffee or tea and settle in, we'll bring you the latest market moves and business news throughout the day. Loading