Australian shares are expected to fall in early trade, despite Wall Street's technology stocks rebounding from a recent pullback that was sparked by a surge in bond yields.The Australian dollar was steady at 77.47 US cents.
"No-one will be surprised by such a decision. The question is whether investors will remain calm amid the increasing uncertainty. Heavyweight tech companies were sold off last week. That was after a surge in bond yields, in recent weeks, caused investors to flee from stocks that might appear overvalued if central banks were to lift interest rates sooner than expected.
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