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1.Market Observations, 2.share trading, 8.Was Sticky

7 Aug 2019 (TheAge) – WAAAX off: Tech wreck leads the market rout

(7 August 2019, The Age, Business, p23, By Colin Kruger)

ASX 2-day rout - All Ords down 4.4% (Brainy)

ASX 2-day rout – All Ords down 4.4% (Brainy)

‘Australia’s high flying tech stocks bore the brunt of Tuesday’s market rout, lead by global logistics tech group Wisetech. It was one of four of the so-called WAAAX stocks – the others being Appen, Altium and Xero, – which have collectively lost more than $4 billion in market value after each had hit a record high last week. The other WAAAX stock, AfterPay Touch Group, has also suffered in recent days although its peak was reached in May.’

Read more at TheAge.com.au

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