ASX dives 2.2% to five-week low on US tech sell-off\, vaccine setback

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ASX dives 2.2% to five-week low on US tech sell-off, vaccine setback

Summary

  • The ASX 200 fell by as much as 2.3% to a five-week low at Wednesday's open 
  • Wall Street's mega-cap tech sell-off gathered pace overnight. Amazon gave up 4.4%, Facebook shed 4.1% and Google parent Alphabet fell 3.6%
  • The NASDAQ entered correction territory, with the index dropping 4.1%. The Dow Jones fell 2.3% and the S&P 500 lost 2.8%
  • AstraZeneca has put a hold on the late-stage trial of its highly-anticipated COVID-19 vaccine candidate after a suspected serious adverse reaction in a study participant

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