Author - Sequoia Direct
04Sep

Tech sector down 5.6% today: Aus shares lose 2.5% over week

04 Sep 2020 - The Australian share market plunged in early trade, dragged down by Aussie tech stocks and tracked sideways for most of the day to finish 3.1 per cent lower. Tech stocks shed 5.6 per cent today and every sector lost 1.7 per cent or more. Meanwhile, iron ore continues to trade at 6-year highs. Macquarie expects vehicle leasing and salary packaging company, Eclipx Group (ASX:ECX) to outperform, assigning it a 12 month price target of $1.70.

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04Sep

Tech stock sell off: Aus shares 2.7% lower at noon

04 Sep 2020 - Plunging Aussie tech stocks have dragged the ASX 200 2.7% lower this morning. This followed a sharp decline in US tech stock on Wall Street overnight. All of the sectors are in the red this morning, with Information Technology dropping over 4%. 360 Capital Digital Infrastructure Fund (ASX:TDI) has agreed to take a $25 million stake in the Macquarie Infrastructure and Real Assets-led consortium.

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04Sep

Profit taking pulls handbrake on bullish US tech rally: Aus shares to open lower

04 Sep 2020 - The Australian share market is set to open lower after US stocks retreated overnight as profit taking pulled a handbrake on the bullish US tech rally. US benchmark indices pared losses in late trade, with tech stocks dragging on the market. WAM Capital (ASX:WAM) has made an off-market takeover offer for rival listed investment company Concentrated Leaders Fund (ASX:CLF).

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03Sep

Financials defy recession odds: Aus shares close 0.8% higher

03 Sep 2020 - The Australian share market shot up at the open following strong performance levels on Wall Street, especially record highs on the Nasdaq and S&P 500. Australia has recorded a $4.6 billion trade surplus for July, a drop of $3.5 billion. The big four banks all made gains of up to 2 per cent, as financials closed 1.3 per cent higher to keep the ASX in positive territory.

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