By Oliver Gray
Investing.com - The S&P/ASX 200 fell 40.3 points or 0.6% to 7,022.9 after the first hour of Thursday’s trade, retracing gains of 0.2% in the previous session as market participants tracked U.S. equities lower after April’s inflation data came in hotter than expected.
ASX 200 Futures were pointing 0.1% higher.
Among stocks, Information Technology led the declines, down 1.1% collectively. Block Inc (ASX:SQ2) tumbled 15.4%, Appen Ltd (ASX:APX) fell 2.9%, Megaport Ltd (ASX:MP1) lost 5.8%, Novonix Ltd (ASX:NVX) dropped 5.8%, Altium Ltd (ASX:ALU) shed 6.2% and Brainchip Holdings Ltd (ASX:BRN) dipped 2.4%.
Real estate companies dipped 1.1% overall, with Goodman Group (ASX:GMG) down 1.7%, Charter Hall Group (ASX:CHC) falling 1.9% and Mirvac Group (ASX:MGR) dipping 1.8%.
Health Care shed 0.9% as CSL Ltd (ASX:CSL) lost 2.5%, Sonic Healthcare Ltd (ASX:SHL) fell 0.6%, Fisher & Paykel Healthcare Ltd (ASX:FPH) dipped 2.6% and Resmed Inc (ASX:RMD) declined 2.5%.
Meantime, Energy was up 0.5% with Beach Energy Ltd (ASX:BPT) adding 0.1% and Viva Energy Group Ltd (ASX:VEA) up 4.9% after disclosing improving margins in its oil refineries.
On the bond markets, Australia 10-Year rates were at 3.423% while United States 10-Year yields eased to 2.882%.
In New Zealand, the NZX 50 fell 0.4% to 11,186.