By Oliver Gray
Investing.com - The S&P/ASX 200 fell just 1.6 points to 6,789.9 during Monday’s trading as gains among miners were offset by falls among the tech and telecom sectors.
Among stocks, losses were led by Information Technology, down 1.5% collectively, as Appen Ltd (ASX:APX) shed 15%, Block Inc (ASX:SQ2) dipped 2.1%, Novonix Ltd (ASX:NVX) lost 5.5% and Brainchip Holdings Ltd (ASX:BRN) fell 1.7%.
Telecommunication Services fell 1.2% as Rea Group Ltd (ASX:REA) dipped 1.3%, Domain Holdings Australia Ltd (ASX:DHG) lost 6.1%, Seek Ltd (ASX:SEK) fell 2.3% and Telstra Corporation Ltd. (ASX:TLS) lost 1%.
Materials lifted 1.1% as Rio Tinto Ltd (ASX:RIO) added 0.9%, BHP Billiton Ltd (ASX:BHP) gained 1.6%, Fortescue Metals Group Ltd (ASX:FMG) added 2.4% and Champion Iron Ltd (ASX:CIA) lifted 1.2%.
S&P/ASX 200 Utilities lifted 1.1% as Origin Energy Ltd (ASX:ORG) added 0.7%, Mercury NZ Ltd (ASX:MCY) gained 2.3%, Infratil Ltd (ASX:IFT) added 1.4% and AGL Energy Ltd (ASX:AGL) gained 1.7%.
On the bond markets, Australia 10-Year rates were 3.382% while United States 10-Year yields were at 2.792%.
In New Zealand, the NZX 50 eased 0.6% to 11,199.