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ASX drops 1.6%; EML Payments falls 41% on Irish regulatory woes – The Sydney Morning Herald
The S&P/ASX200 is down nearly 100 points at open to below 7000, due to heavy falls in materials. All sectors were in red in early trade.
US stocks declined for a second day with losses steepening in the final 15 minutes of trading as investors weighed the rush to reopen the economy against inflationary pressure from a rise in commodity prices.
All three of the main US equity benchmarks closed lower after megacap technology stocks including Amazon.com, Microsoft and Alphabet erased earlier gains.
Nine of the main 11 S&P/500 industry groups declined, with energy stocks leading losses as oil prices dropped amid a report that significant…
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