- The Nasdaq fell 2.14% to close Monday?s session at 14,255.
- Facebook tumbled more than 5% following a global six-hour outage.
- Virgin Galactic shares dipped on Blue Origin celebrity passenger news.
The US markets tumbled on Monday amid a broad tech sell-off as the US maintained tariffs on Chinese goods and restrictions on Chinese companies? access to US technology.
The Dow Jones fell 0.94% to finish the trading day down 324 points to close at 34,003 points.
The tech heavy NASDAQ fell 2.14% to finish the trading day down 311 points to close at 14,255 points.
One bitcoin is worth US$48,996 going into the Asian trading day.
The Australian dollar is firm against the major currencies and is buying 72.91 US cents.
Shares in social media giant Facebook plummeted more than 5% in its worst session of the year following a global outage of its platforms Facebook, Instagram and Whatsapp. The platforms were out of action for almost six-hours, with Facebook thanking users for their patience as they worked to rectify the outage.
Virgin Galactic shares dipped more than 4.5% on Monday after the space exploration company?s rival Blue Origin announced actor William Shatner of Star Trek as the next passenger on its spacecraft headed for the edge of space. In positive news, the FAA accepted the company?s corrective plans following its last flight veering off the flight path during ascent.
And Toyota has released a new electric scooter that travels at walking speed aimed to help people with mobility issues for just $3000.