Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 1.69% at lunch.
The Commonwealth Bank of Australia (ASX: CBA) share price is down nearly 2.5% following on from the US market’s volatility on Friday.
Telstra Corporation Ltd (ASX: TLS) shares are down 1.46% despite announcing that it has increased its 5G spectrum ownership with another government auction.
Shares of Pro Medicus Limited (ASX: PME) are down 3.3%, although it announced it has won a $3 million German contract extension and expansion.
Some of the ASX’s most popular technology shares are down heavily at lunch. For instance, Altium Limited (ASX: ALU) is down 5.6%, Afterpay Touch Group Ltd (ASX: APT) is down 5.4% and WiseTech Global Ltd (ASX: WTC) is down 5.2%.
Shares of TPG Telecom Ltd (ASX: TPM) are down 0.8% after spending a bit over $263 million on its joint venture with Vodafone for the 5G spectrum. It successfully bid for twelve 5MHz lots in each of Sydney, Melbourne, Brisbane, Canberra, Adelaide and Perth.
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Disclaimer: Any information contained in this article is limited to general financial/investment advice only. The information has not taken into account your specific needs, goals or objectives, so please consider consulting a licenced and trusted adviser before acting on the information. Please read The Rask Group’s Financial Services Guide (FSG) for more information. This article is authorised by Owen Raszkiewicz of The Rask Group, which is a corporate authorised representative No. 1264179 of Strawman Pty Ltd (ACN: 610 908 211) (AFSL: 501 223).