The Australian market is following Wall Street?s lead to trade lower today led by tech stocks tumbling. Australian employment data out today also shows the economy shed 46,300 jobs in October, well below market expectations of 50,000 jobs added. Xero is down more than 7% today despite releasing strong first quarter results. Ramsay Health is taking a hit today following the release of first quarter results. Elon Musk is selling over US$1.1bn of his Tesla soldering, offloading more than 930,000 shares.
VIDEO: Xero tanks 7% on trading update.
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