ASX slips below 7 thousand 100-mark ahead of Budget; Redbubble, PointsBet shares are down 7 per cent. The benchmark index ASX 200 extended fall by afternoon as inflation fears prompted a sell-off in growth-focused tech stocks. The S&P/ASX200 is trading lower by 80.3 points or 1.12 per cent at 7 thousand 92, as investors remained cautious ahead of the Budget announcement this evening. The tech stocks were the biggest losers on the ASX, led by Nearmap down by 6.3 per cent, followed by WiseTech Global, which fell 3 per cent.
On the sectoral front, nine of 11 sectors are in red, while Information Technology is the worst performing, falling over 2 per cent. First stock. Shares of Cobre have risen 4.54 per cent to 17 point 2 cents after the mineral exploration company says they have concluded the mobilisation to site of both Reverse Circulation and Diamond Core drill rigs on the Kitlanya East project in Botswana. Jadar Resources was trading flat at 3 cents while European Lithium share price rose 1.75 per cent to 5 point 8 cents. Boral was trading 1.08 per cent at higher at $6.57. And finally, Health House International share price is up 5.88 per cent at 18 cents after the company declared the proposed acquisition of CanPharma GmbH, subject to requisite approval.