Australian shares ended Tuesday well down, with technology stocks leading the losses.
Buy-now-pay-later provider Afterpay lost 7.23 per cent off its share price for the day. Satellite mapping software maker Nearmap lost 7.3 per cent and network infrastructure supplier Megaport shaved 7.16 per cent off its value.
What happened at lunchtime?
Australian stocks are down at lunchtime Tuesday, in line with anxiety in overseas markers overnight.
Afterpay was down 7.8 per cent shortly after midday, to continue its decline into a third consecutive day. Other tech stocks, such as Nearmap (down 4.72 per cent at 12:04pm), are also struggling.
What happened this morning?
The Australian share market plunged in early trade Tuesday morning, following a dip on Wall Street overnight.
The local market on Tuesday will keep an eye on new weekly jobs and wages data for clues on how the economy is going during the coronavirus crisis.
What happened overnight?
Two of the three major US indices fell overnight, as California's extension of indoor business closures triggered anxiety among traders.
California is the most populous state in the US, and accounts for 15 per cent of the national economy, according to AAP.
The S&P500 (down 2.12 per cent) and the NASDAQ (down 2.13 per cent) finished the trading day lower, while the Dow Jones Industrial stayed flat with a 0.04 per cent rise.
Wall St's overnight dip sent Australia's SPI200 futures down 0.76 per cent at 8am AEST Tuesday.
– with AAP