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ASX set to rise as Musk turns cryptic on Twitter bid

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The ASX board showing company price changes and Elon Musk wearing a cowboy hat.
The ASX is expected to open higher this morning as Elon Musk continues his push to acquire Twitter. (Source: Getty)

ASX: The local market is expected to open slightly higher this morning after a choppy session on Wall Street overnight.

This comes after the Australian share market closed with modest gains, after a private equity firm bid for Australia's biggest private hospital operator.

Wall Street: US stocks ended mixed on Wednesday as investors took in a host of quarterly earnings results and looked ahead to more data.

The Dow extended advances from the previous session, while the S&P 500, and the tech-heavy Nasdaq Composite underperformed as Netflix shares slumped.

Crypto: Under tightening monetary pressures from central banks, Bitcoin is trading like “an overpriced tech stock,” one analyst has claimed.

That could potentially mean poor performance for the next few months.

Twitter drama: Billionaire Elon Musk has tweeted a series of dashes for a missing word followed by "is the Night", days after he offered to buy Twitter for $58 billion (US$43 billion).

The offer from Musk, who has hinted at the possibility of a hostile bid, has prompted the social media company to adopt a 'poison pill' to protect itself.

Federal election: Opposition Leader Anthony Albanese has claimed a narrow win from the first leaders' debate, as he seeks to use the performance as a springboard for the rest of week two of the election campaign.

During last night's televised debate the Opposition Leader won more of the support from the group of 100 undecided voters.

Cyber crime warning: Five countries have jointly warned about a potential threat of increased malicious cyber activity by Russia.

The cybersecurity agencies of the United States, United Kingdom, Australia, Canada and New Zealand - which together form the Five Eyes intelligence-sharing alliance - said the war could expose organisations everywhere to cyber crime.

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