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Australian shares finish at 4-week highs, tech leads declines

Published 06/04/2023, 04:30 pm
Updated 06/04/2023, 04:38 pm
© Reuters
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By Oliver Gray 

Investing.com - The S&P/ASX 200 fell 18.2 points or 0.3% to 7,219 during Thursday's trade, snapping 7 sessions of consecutive gains while finishing the week with gains of 0.5% as investors weighed a weakening U.S. economy and growing recession fears.

Among stocks, the risk-sensitive Information Technology and real estate sectors led declines, falling 2.1% and 1.4% respectively as Block Inc (ASX:SQ2) lost 1.6%, Appen Ltd (ASX:APX) fell 4.7%, Megaport Ltd (ASX:MP1) dipped 6.9%, Novonix Ltd (ASX:NVX) shed 7.9% and Altium Ltd (ASX:ALU) lost 2.8%, while Charter Hall Group (ASX:CHC) lost 3.3%, Stockland Corporation Ltd (ASX:SGP) fell 0.7% and Goodman Group (ASX:GMG) dipped 1.8%.

On the bond markets, Australia 10-Year rates were at 3.189%.

In New Zealand, the NZX 50 finished flat at 11,870.1.

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