Australian shares have experienced their biggest one-day fall in three months as investors dumped high-flying technology stocks. The broader All Ordinaries index was also down 3 percent to 6,114 points, ABC News reports. Tech stocks were the worst-performers, like WiseTech Global (-6.9pc), Xero (-4.6pc), Afterpay (-5.7pc), Altium (-5.7pc) and Appen (-7.5pc). Outside the tech sector, Kogan.com (-10.8pc), TPG Telecom (-7pc), Myer (-4.7pc), Domain (-4.9pc) and Qantas (-2.8pc) experienced heavy falls. Major miners were also sold-off, like BHP (-3.5pc), Rio Tinto (-2.7pc) and Fortescue Metals (-3pc), as well as vaccine maker CSL (-4pc).

Source: The Standard September 04, 2020 05:48 UTC