Australian shares dropped at the open after a sell-off on Wall Street resumed, paced by the magnificent seven technology stocks.
The S&P/ASX 200 dropped 0.4 per cent, or by 28.6 points, to 7831.8, snapping a three-day winning streak. The All Ordinaries fell 0.4 per cent. Eight of the sharemarket’s 11 sectors were lower, led by banks.
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