Local shares are poised to open higher as tech and auto markers lifted Wall Street to fresh records.

Markets Live: ASX slumps again

Shares shrug off another positive offshore lead to record wide-spread losses in early trade, led by selling in the major banks and supermarket owners.

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MotorCycle Holdings in $123m buy

The boss of ASX-listed MotorCycle Holdings will stump up as much cash as he can muster to be part of the fundraising for a $123m purchase.