‘Uninspiring’: Investors lose patience with ASX as money goes offshore (opens original article in a new tab)

Australia's sharemarket is expected to remain in the doldrums due to high interest rates, steep equity prices, and recent tax changes, with investors shifting funds offshore as the market underperforms global rivals.

• Australia's sharemarket is expected to remain stagnant due to high interest rates and steep equity prices
• Strategists warn that the S&P/ASX 200 Index is underperforming compared to global markets
• Investors are shifting funds offshore as the Australian market fails to attract attention