Business
Tech and energy rout rattles global markets – The Australian Financial Review
The latest sell-off has pushed Australian shares to their lowest level since June 29 and perilously close to bear-market territory.
“We would see this as more of a speed hump than a change of direction,” said Munro Partners chief investment officer Nick Griffin. “There’s been a lot of speculative investing, new investors in the market and recent moves would not come as a surprise to anyone who’s been watching the market over the last six months.”
The S&P/ASX All Technology Index fell 2.4 per cent to 2276.6 on Wednesday. It is down 10 per cent from its August 25 peak of 2530.1.
The S&P/ASX 200 Index is down just 4.6…
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