Business
Why the Afterpay share price crashed 9% lower today – Motley Fool Australia
The Afterpay Ltd (ASX:APT) share price crashed as much as 9% lower this morning. Here’s why its shares have been sold off today…
The Afterpay Ltd(ASX: APT) share price has been out of form on Friday and is on course to end the week with a sizeable decline.
In early trade the payments company’s shares fell as much as 9% to $76.13.
They have since recovered a touch but are still down a disappointing 5% to $79.68.
Why is the Afterpay share price dropping lower?
Investors have been selling Afterpay and other ASX tech shares on Friday after Wall Street’s tech-focused Nasdaq index crashed lower overnight.
The Nasdaq index …
-
General23 hours agoAlgal bloom ‘disaster’ prompts royal commission call as impact spreads to mussel farms
-
Noosa News22 hours agoE-bikes shouldn’t be banned. The illegal ones are already illegal
-
General19 hours agoChina was the big disruptor in our region. Now the US is determined to take that title
-
General19 hours agoSpaceX to invest $3 billion in Musk’s xAI startup