Australian shares end lower as tech stocks lead losses
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The news: The Australian sharemarket ended lower as gold miners retreated from an early surge. The benchmark ASX 200 fell 37 points, or 0.42% to 8,725.7, with 10 of the 11 sectors ending in the red.
Healthcare (+0.2%) was the only sector in positive territory, as biotech giant CSL added 1.3%.
The materials sector, which climbed around 1% at the open, ended 0.4% lower. Gold producers pared early gains, though diversified miner South32 (+2.3%) ended as the ASX 200 top performer.
Technology (-1.1%) was the worst performing sector with Technology One (-2.7%), NextDC (-2.1%) and WiseTech (-1%) losing ground.
Other news:
- Star Entertainment (+7.7%) – Announced that chief financial officer Frank Krile and chief operating officer Jeannie Mok have both resigned from the company.
- Woodside Energy (-0.4%) – Secured a nine-year sale and purchase agreement with Turkey's state gas importer BOTAŞ for the supply of liquified natural gas.
- DigiCo Infrastructure REIT (-1.1%) – Received State Significant Development approval for its SYD1 data centre expansion project in central in Sydney.
