The Australian market recovered some of the morning?s losses in afternoon trade but still managed to close Monday?s session lower as a sell-off in consumer discretionary stocks weighed down the key index. The All Ords ended the day 0.11% lower. Careteq plummeted 20% on its ASX debut today amid a broad tech sell-off. Following an IPO at 20 cents per share raising 6 million dollars, the assisted-living tech innovator plunged 20% to close its debut session at 16 cents per share. A spotlight on Woolworths as shares in the retail giant also dipped today after the company released a statement regarding current delays with stock deliveries to its stores due to the COVID-19 crisis forcing some close-contact or infected staff to stay at home. Disneyland could be heading for the Metaverse after the company received approval for a ?virtual-world simulator? patent using technology to project 3D images on real-world objects to create interactive guest experiences throughout the theme parks.
VIDEO: Careteq plummeted 20% on its ASX debut.
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