ASX suffers the worst week since November as tech falls anew

Australian shares capped their worst week since November on Friday, with tech stocks once again bearing the brunt of the sell-off, sending Afterpay to an 18-month low, while consumer stocks also took a battering.P/ASX 200 Index fell 59.4 points, or 0.8 per cent, to 7393.9 this week, with Friday’s loss of 1.1 per cent, or 80.5 points, weighing heavily.

The sharemarket fell at the week’s start before staging a mid-week recovery, one that was undone on Friday as the tech sell-off on Wall Street weighed heavily on the local bourse.the highest jump in US inflation in 40 yearsXero tumbled 9 per cent to $119.11 Afterpay lost 6.7 per cent to $69.03, its lowest level since last July, WiseTech Global dipped 6.8 per cent to $52.13, Nuix slid 5.2 per cent to $2.01, and Nearmap fell 4.8 per cent to $1.38.Pendal Group shares tumbled 12.7 per cent to $5.

Healthcare stocks also came under pressure. CSL declined 2.3 per cent to $276.00, Pro Medicus lost 13.9 per cent to $46.59, Sonic Healthcare fell 9 per cent to $40.79, Nanosonics dipped 6.8 per cent to $5.50 and Healius slid 7.1 per cent to $4.69.the rapid spread of the omicron variantARB Corp lost 13.7 per cent to $45.59, Reece slid 11.2 per cent to $24.27, Domino’s Pizza fell 10.6 per cent to $103.35, Ingham’s Group declined 9.4 per cent to $3.27, Collins Foods dropped 8.3 per cent to $11.

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