Australia shares see worst day in four months after Wall Street tech rout [Reuters]
BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) (BHP)
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Source: Reuters
Australia shares see worst day in four months after Wall Street tech rout * Victoria state posts record daily death toll * ASX posts biggest weekly loss since June 12 * Tech stocks see worst day in nearly 5-1/2 months * NZ restrictions to stay on until at least mid-Sept (Updates to close) By Arpit Nayak Sept 4 (Reuters) - Australian shares fell on Friday by their most in four months, after a sharp sell-off in technology stocks sent Wall Street’s main indexes to their worst session since June. The S&P/ASX 200 index settled 3.1% lower at 5,925.5 in broad-based selling. For the week, the benchmark fell 2.4%, marking its biggest weekly decline since June 12. Overnight, the tech-heavy Nasdaq Composite slumped 5%, with tech giants Apple and Microsoft weighing the most. The U.S. tech sector that has led this amazing rally since March-lows finally came a little bit unstuck, said Damian Rooney, director of equity sales at Perth-based investment house Argonaut. “I think there was a certain inev
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