Business
Is the Affirm share price dragging ASX BNPL shares lower?
ASX-listed buy now, pay later (BNPL) shares have opened lower across the board on Thursday. Whilst the S&P/ASX All Technology Index (ASX: XTX) is slumping 1.16% lower at the time of writing, some ASX BNPL shares are faring considerably worse.
Could the overnight performance of the Affirm Holdings Inc (NASDAQ: AFRM) share price be partially to blame?
Why does the Affirm share price matter?
Global equity markets have the tendency to move in tandem and be affected by each other’s performances. For example, a significant sell-off in the US market overnight will typically see ASX futures lose ground or open weaker than expected.
Shares that are listed in different markets but operate in the same sector or with similar business…
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