ASX tech stocks bounce back after Wall Street sell-offs
By Blair Jackson
Major players in electronics, health, steel and wine gave investors plenty of fat to chew Monday as a jam-packed week of reporting kicked off.
The local tech sector made back some ground on heavy losses last week, pulling the ASX200 to a 0.22 per cent gain, adding 19.5 points to 8937.1.
Materials were the main laggards on Monday. Singapore iron ore futures hit multi-month lows, dragging BHP’s share price down 1.5 per cent.
Rio Tinto suspended operations at an iron ore mine in Guinea after the death of a worker, and shares fell 4.1 per cent. Fortescue slumped 4.7 per cent and Bluescope fell 2.7 per cent.