ASX 200 closes lower on tech falls led by WiseTech, Afterpay

ASX closes down 0.1 per cent on tech stocks, led by a WiseTech and Afterpay retreat. ANZ to acquire Cashrewards, Novonix up 10.8 per cent and Westpac to delist from Wall Street.

The Australian sharemarket is set for a lacklustre open despite a weak finish on Wall Street. Photo: Paul Miller / AAP Image.

Welcome to the first Trading Day blog for the year on Monday, January 10. ASX closed lower on tech stocks, with Xero, WiseTech and Afterpay leading the retreat. It follows Novonix soaring by more than 10 per cent as its Nasdaq plans become a step closer to reality and VGI confirming merger talks. 

 

The S&P/ASX 200 closed lower by 0.1 per cent or 6.2 points to 7447.1. The broader All Ordinaries index also fell by 0.1 per cent to 7766.1.

The Dow Jones Industrial Average closed lower on Friday by less than 0.1 per cent while the S&P 500 fell 0.4 per cent and tech-heavy Nasdaq lost 1 per cent.

The US Nymex crude price was up 0.1 per cent to $US78.94 a barrel, while iron ore fell 95 US cents on Friday, or 0.7 per cent, to $US127.30 a tonne. On the week, Iron ore was 7 per cent higher.