AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
The escalating trade tensions between the United States and China have impacted the technology stocks in the Australian share market as they followed the lead of their U.S. counterparts. The trade war aggravated when China announced the imposition of retaliatory tariffs on US goods worth $US60 billion.
The Australian Stock Exchange ended up lower today at AUD 6239.9 units with a fall of 0.9 per cent. The below chart highlights the top gainers and losers on the ASX.
In the first half hour of trade today, the tech sector led losses dropping 2.49 per cent. The tech sector index closed lower on the Australian Stock Exchange (ASX) today at 1,348.3 points, down by 1.16 per cent or 15.6 points.
Let us look at some of the technology stocks that traded on the ASX today.
WiseTech Global Limited
Founded in 1994, WiseTech Global Limited (ASX: WTC) is engaged in the development of cloud-based software solutions for the domestic and international logistics industries. Across 130 countries, more than 12,000 logistics organizations use WiseTech Globalâs software.
The companyâs stock ended up lower at AUD 21.300 today with a fall of 2.2 per cent relative to the last close. The stock fluctuated between the low and high value of AUD 20.91 and AUD 21.40 respectively while it opened at AUD 21.33 today.
Afterpay Touch Group Limited
Tech-driven payments company, Afterpay Touch Group Limited (ASX:APT) offers Buy-Now-Pay-Later offering with over 3.5 million active customers and more than 25,000 active retail merchants on-boarded. The Afterpay Touch Group Limited was formed when the Afterpay and Touchcorp came together in June 2017.
Afterpayâs stock closed at AUD 26.00 today, down by 0.65 per cent. Around 1,600,326 number of Afterpayâs shares were in trade today. The stockâs 52-week high and low value was noted as AUD 28.700 and AUD 6.850 respectively. While the companyâs stock has not performed well today, but the stock has generated a YTD return of 118.08 per cent.
Appen Limited
Incorporated in the year 2009, Appen Limited (ASX: APX) deals in the linguistics services. The company prepares superior quality human-annotated data sets for machine learning and artificial intelligence.
The Appenâs stock opened at AUD 23.05 today, dropped to a low value of AUD 22.15 due to market volatility and it rose afterwards ending up at AUD 24.140, up 0.7 per cent.
Xero Limited
New Zealand based public software company, Xero Limited (ASX: XRO) connects small and medium-sized businesses to its advisors besides offering cloud-based accounting software services.
XEROâs stock fell 1.448 per cent today closing at AUD 53.750. The stock touched a low value of AUD 52.97 mid-day. The stock opened lower at AUD 53.38 today relative to its previous close of AUD 54.54.
Information Technology stocks like Adacel Technologies Limited (ASX: ADA), NetComm Wireless Ltd. (ASX: NTC) and Altium Limited (ASX: ALU) also felt the pressure by US-China trade war and closed in red on the ASX today.
Disclaimer
This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.
