ASX 200 closes 1.1 per cent lower, Pendal dives 16 per cent on outflows

ASX suffers its worst day in over a week, falling 1.1 per cent, and Afterpay dives 9.2 per cent while Pendal tumbles 16 per cent.

Investors have resumed selling of technology shares on Wall Street as the market starts to price in higher interest rates. Picture: Nikki Short / NCA NewsWire

Welcome to the Trading Day blog for Friday, January 14. Australia's share market suffered its biggest fall in over a week after Wall Street dived. It follows financial crimes watchdog Austrac expanding its probe into Star Entertainment and jeweller Michael Hill flagging a "significant" first-half earnings boost.

The S&P/ASX 200 index closed lower by 1.1 per cent to 7393.9. The broader All Ordinaries index fell by 1 per cent to 7717.1.

The Dow Jones Industrial Average was down 0.5 per cent at the close while the S&P 500 was off 1.4 per cent.  The tech-heavy Nasdaq finished 2.5 per cent lower as Tesla, Microsoft and Amazon declined.

The US Nymex crude price retreated 1.5 per cent to $US81.42 a barrel, while iron ore lost $US3.65, or 2.8 per cent, to $US127.95 per tonne.

Originally published as ASX 200 closes 1.1 per cent lower, Pendal dives 16 per cent on outflows