Business
Tech sell-off pulls ASX lower – The Australian Financial Review
A tech sell-off sparked by inflation concerns pushed the Australian sharemarket lower for the week, despite the benchmark index reclaiming a record high on Monday….
A tech sell-off sparked by inflation concerns pushed the Australian sharemarket lower for the week, despite the benchmark index reclaiming a record high on Monday.
The S&P/ASX 200 Index closed the week 66.6 points, or 0.9 per cent, lower at 7014.2, despite rallying 31.5 points, or 0.5 per cent, on Friday due to a mid-week slump.
The strongest monthly rise in US core consumer prices in almost 40 years rocked the sector during the middle of the week, sparking selling across the market, with the sectors…
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