Business
Why Afterpay, ResMed, Temple & Webster, & Worley shares are dropping lower
In late morning trade the S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a decline. At the time of writing, the benchmark index is down 0.4% to 6,578.7 points.
Four ASX shares that are falling more than most today are listed below. Here’s why they are dropping lower:
The Afterpay share price is down 2.5% to $131.53. Investors have been selling Afterpay and other tech shares today after their US counterparts dropped lower on Friday night. The technology-focused Nasdaq index tumbled 2% to extend its weekly decline to over 3%. The S&P/ASX All Technology Index (ASX: XTX) is down 2% at the time of writing.
The ResMed share price is down 3.5% to $26.24. This morning analysts at Morgan Stanley retained their…
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