Tech sell-off drags ASX down, Reserve Bank under pressure to hike interest rates in May - ABC News


4/26/2022 12:00:00 AM3 yearsago
by David Chau

The Australian share market falls for its third straight trading day, as inflation surges at a faster-than-expected pace, the Reserve Bank faces increasing pressure to lift rates in May, and Wall Street's tech stocks are heavily sold off.

Australian shares have dropped for a third straight trading day, after a technology sell-off on Wall Street intensified in the final hour over fears of a slowing economy and aggressive US interest ra… [+8258 chars]

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