The Wrap: ASX drops ahead of rates decision, Magellan flight hits $50b - Sydney Morning Herald

The most significant number of the day was the $50 billion-plus of funds under management (FUM) which has now headed for the exits at Magellan Financial Group since November last year - along with its founder Hamish Douglass.

For the ASX 200, the tech sector dropped as much as 2 per cent on Monday, but most sectors were lower aside from energy which received a strong boost from higher oil prices over the weekend. Oil rall… [+2596 chars]

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