Market Wrap / tech troubles

The S&P/ASX 200 extended its decline by 0.13%, to 8,802 points this Wednesday.

Risk-off sentiment hurt Bitcoin, temporarily falling below US$100,000, as well as gold, with Evolution Mining receding by 0.96%.

 Elsewhere in the resources space, tariff-sensitive BlueScope Steel found a new CEO, with Tania Archibald getting the top job. Shares were 0.82% lower. 

 In the energy sector, Woodside added 0.76% after outlining a pathway to a 50-percent dividend increase from 2032. 

 Other stocks finishing the day in the green included most of the banks, as shown by CBA’s 1.19% gain. Meanwhile, Medibank advanced by 1.03%, saying it will buy Better Medical, a network of GP and medical clinics, for $159-million dollars.

 In other company news, Goodman Group fell by 3.73% despite reaffirming its guidance, and as data centres account for a growing share of the business. And used-car platform Carma made a subdued ASX debut after raising $100m from its IPO.

 Looking ahead, NAB will be reporting full-year results tomorrow, while the goods trade date is also due.