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Australian sharemarket snaps three-day winning streak, tech stocks hammered – NEWS.com.au
Australian sharemarket snaps three-day winning streak, tech stocks hammered
The Australian sharemarket slumped for the first time this week, with technology stocks proving a big weight while sentiment took a hit from the worsening COVID-19 situation in NSW.The S&P/ASX200 closed 0.48 per cent lower at 7061.7 while the All Ordinaries Index gave up 0.52 per cent to 7306.
CommSec analyst James Tao said the local bourse opened in positive territory but pulled back as news of community spread of COVID-19 in Sydney and three days of restrictions flowed through.
Losses were across…
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