Business
Afterpay sinks, Evolution announces acquisition
At lunch on Monday the S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a small decline. The benchmark index is currently down 0.1% to 6,759.8 points.
Here’s what is happening on the market today:
Tech shares drag on the ASX 200
The tech sector is acting as a drag on the ASX 200 again on Monday. At lunch the S&P/ASX All Technology Index (ASX: XTX) is down just over 1% following declines by the likes of Afterpay Ltd (ASX: APT) and Altium Limited (ASX: ALU). Investors have been selling tech shares after a jump in bond yields on Friday night led to the tech-focused Nasdaq index tumbling lower.
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