# Alphabet tumbles. Can the ASX shake it off? | AM 30 Oct 26

An episode of [CommSec Market Update](https://invisiblenetwork.ai/podcast/1024068365), 29 Oct 2026, 9:39.

Audio: https://enrichment.soundstack.com/4vjqq8/traffic.omny.fm/d/clips/820f09cf-2ace-4180-a92d-aa4c0008f5fb/7ce30ada-3515-4538-a131-afef0177d550/a5463c34-8859-4b44-87f8-b4f20147b936/audio.mp3?utm_source=Podcast&in_playlist=1b3da022-8454-4155-8336-afef0177d567

Wall Street fell overnight as a sharp sell-off in Alphabet reignited concerns about the cost of AI investment, but can the ASX shake off the weakness and extend its recent gains? Meanwhile, a major leadership change is on the horizon at the European Central Bank. Plus, why Australia's banks and miners remain just as dominant in the share market as they were a century ago. Join James Gruber, Equity Market Strategist, and Gillian Bowen, Head of Media and Markets at CommSec, as they take you through all the key numbers. Check out our Market News page Follow us on: Instagram LinkedIn YouTube TikTok The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice. See omnystudio.com/listener for privacy information.

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