ASX 200 flat after tech selloff; Sydney Airport investors approve takeover
Tech rout weighs on ASX as the sector dives 5.9 per cent, Block and Zip end 10 per cent down, investors approve Sydney Airport sale and Cettire dives on profit drop.
Welcome to the Trading Day blog for Thursday, February 3. The ASX ends slightly lower as the tech sector dives 5.9 per cent on disappointing results from Facebook owner Meta. It comes Sydney Airport is set to be acquired after shareholders approve sale and Cettire dives by over 20 per cent on a profit collapse.
The S&P/ASX 200 finished down 0.1% at 7078 in mixed trade after falling to 7045.8.
The Dow Jones Industrial Average closed higher by 0.6 per cent, the S&P 500 by 0.9 per cent and tech-heavy Nasdaq gained 0.5 per cent amid a flurry of earnings results.
Iron ore was unchanged overnight at $US141.75 a tonne. The US Nymex crude price declined 0.3 per cent to $US87.98 a barrel.
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