End-of-day summary:
The share market finished at its lowest in nearly a year as a tech sell-off gathered pace after the Nasdaq entered a technical correction.
The ASX 200 gave up 42 points or 0.61% during its fifth fall in six sessions. Today's close at 6812 was the weakest since October 28 last year.
The tech sector slumped 2.56% after the Nasdaq copped its biggest hit since February. Megaport plunged 16.33%, Block 8.02% and Iress 4.53%.
The Nasdaq's 2.43% overnight loss dragged the US tech index into correction territory. The broader S&P 500 gave up 1.43% following disappointing trading updates from Alphabet and Texas Instruments and a rebound in treasury yields.
US futures continued to slide this afternoon. At the Australian close, S&P 500 futures were down 0.68% following a poorly-received trading update from Facebook owner Meta Platforms.
