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Australian sharemarket weighed down by tech, gold stocks – NEWS.com.au
Australian sharemarket weighed down by tech, gold stocks
The Australian sharemarket started the week in the red, with tech stocks and gold miners among the losers, but energy producers were buoyed by higher oil prices.The S&P/ASX200 finished 0.9 per cent lower at 6697.2, while the All Ordinaries Index dropped 0.92 per cent to 6959.5.
CommSec analyst James Tao said the market failed to maintain momentum after two consecutive days of gains late last week and shrugged off Wall Street reaching record highs.
“Weighing quite heavily has been the performance…
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