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ASX falls 1.14% as tech sector drops

PUBLISHED

2024-05-01

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At 11:40am, the S&P/ASX 200 is 1.14 per cent lower at 7,577.10.

The SPI futures are pointing to a fall of 93 points.

Best and worst performers

All sectors are in the red. The sector with the fewest losses is Consumer Staples, down 0.35 per cent. The worst-performing sector is Information Technology, down 2.14 per cent.

The best-performing large cap is Amcor plc (ASX:AMC), trading 3.69 per cent higher at $14.33. It is followed by shares in Coles Group (ASX:COL) and Pilbara Minerals (ASX:PLS).

The worst-performing large cap is Northern Star Resources (ASX:NST), trading 4.38 per cent lower at $14.285. It is followed by shares in Endeavour Group (ASX:EDV) and Mercury NZ (ASX:MCY).

Commodities and the dollar

Gold is trading at US$2298.20 an ounce.
Iron ore is 0.3 per cent lower at US$116.75 a tonne.
Iron ore futures are flat.
One Australian dollar is buying 64.71 US cents.

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