The Australian market overturned yesterday?s rally to close more than 1% lower on Friday as a sharp sell-off in tech stocks weighed on the key index. For the week the ASX lost 0.9%. Lumos Diagnostics jumped 6.5% on Friday as demand for Rapid Antigen Tests in Australia surges amid soaring COVID-19 infection rates along the east coast. A spotlight on Pendal Group as shares in the fund manager plummeted 16% today following the release of its funds under management update for the first quarter of the 2022 financial year showing funds under management declined 2.5% in the first quarter to 135.7 billion dollars and total outflows hit 6.8 billion dollars for the period. Kylie Jenner has become the first woman to reach 300 million Instagram followers, knocking Selena Gomez and Ariana Grande to a tied second place with 289 million followers each.
VIDEO: Lumos Diagnostics jumped 6.5% as demand for Rapid Antigen Tests surges
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