ASX LIVE: Rio Tinto flags challenging quarter; KKR takeover confirmed by Ramsay

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Australian shares are set to open higher: futures end up 47 points or 0.6pc. Netflix’s subscriber shock rocks streaming companies. Follow the latest here.

Streaming stocks were rocked after Netflix reported its first customer decline in more than a decade, stoking investors’ fears that a reopening economy will cripple these companies.

Other media companies such as Warner Bros. Discovery, Paramount Global and Spotify Technology also tumbled.

 

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