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ASX falls on mining and energy, while local tech stocks follow Wall Street’s gains – ABC News

Australia’s tech sector is following its heavyweight US counterpart higher, but the local market’s concentration in resources and energy is pulling the ASX down…

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Australia’s tech sector is following its heavyweight US counterpart higher, but the local market’s concentration in resources and energy is pulling the ASX down overall.
Key points:

  • The Nasdaq jumped 1.4 per cent, versus a smaller 0.5 per cent gain for the S&P 500 and 0.1 per cent for the Dow
  • Online retailers and Netflix were among the strongest performers on the US market
  • Traders are closely watching progress of negotiations over another US economic stimulus packag…

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