By Oliver Gray
Investing.com - The S&P/ASX 200 fell 104.60 points or 1.46% to 7,046.80 during Friday’s midday deals, snapping five sessions of consecutive advance as the technology and energy sectors were hit even as Oil prices surged overnight amid renewed supply shortage concerns due to the war in Ukraine.
ASX 200 Futures were pointing 0.73% lower.
Among stocks, Technology was down around 2.5%, with Zip Co Ltd (ASX:Z1P) shedding 8.02%, Block Inc (ASX:SQ2) losing 8.19%, Appen Ltd (ASX:APX) down 3.58%, Novonix Ltd (ASX:NVX) falling 4.73%, Brainchip Holdings Ltd (ASX:BRN) declining 4.12% and Altium Ltd (ASX:ALU) down 4.19%.
Energy fell 1.39% overall, with Woodside Petroleum Ltd (ASX:WPL) down 1.6%, Santos Ltd (ASX:STO) losing 1.79%, Beach Energy Ltd (ASX:BPT) down 1.54% and Viva Energy Group Ltd (ASX:VEA) falling 0.79%.
Materials were about 0.4% lower collectively, as Rio Tinto Ltd (ASX:RIO) fell 0.88%, BHP Billiton Ltd (ASX:BHP) lost 0.38%, Fortescue Metals Group Ltd (ASX:FMG) dipped 1.03%, Pilbara Minerals Ltd (ASX:PLS) fell 3.38%, and Lake Resources NL (ASX:LKE) lost 6.16%.
Among currencies, the Aussie was trading near 4-month highs of 0.7312 and surged to 4-year highs against the Euro. Meantime, the US Dollar Index was at 21-month highs of 97.727.
On the bond markets, Australia 10-Year yields were at 2.104% while United States 10-Year rates were at 1.734%.
Traders will also be monitoring fresh Retail Sales data due ahead in the session.
In New Zealand, the NZX 50 was 0.57% lower at 12,141.