Tech, gold stocks drag ASX lower

The S&P/ASX200 finished 0.9 per cent lower at 6697.2, while the All Ordinaries Index dropped 0.92 per cent to 6959.5.

Splitit, which enables existing credit card holders to pay for purchases by splitting the cost into interest and fee-free monthly payments, jumped 8.88 per cent to $1.41 after announcing an agreement to team up with Google in Japan. On the back of higher oil prices, Santos advanced 3.15 per cent to $7.20 and Woodside Petroleum put on 2.62 per cent to $25.46.

“Oil is still pricing in a great deal of optimism linked to the rollout of COVID-19 vaccines and any negative news flow on this front would prompt a sharp negative reaction.”Source:News Regional Media

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