ASX falls, weighed down by health sector

The Australian sharemarket has opened lower after a mixed session in New York, weighed down by health stocks.
The benchmark S&P/ASX 200 Index had fallen 22.5 points, or 0.3 per cent, as of 10.10am AEST on Thursday, with six out of 11 sectors in the red. It came after software giant Oracle surged 36 per cent in New York, while Klarna rose nearly 15 per cent on its trading debut.
"Market concentration is a major risk and valuations are stretched across the S&P 500, suggesting further appreciation from here requires extraordinary results," Capital.com market analyst Kyle Rodda.
"While the bar is set high for the markets and the hype train could be derailed by any nasty surprise, AI stocks somehow keep clearing it. It's what's underpinning Wall Street to record highs and US outperformance."
On the ASX, CSL and Pro Medicus led the health sector lower, both falling 1.1 per cent, while ResMed dropped 3.3 per cent, Fisher & Paykel 1.3 per cent, and Cochlear 1 per cent.
Stocks on the move
HMC Capital's ASX-listed data centre developer REIT DigiCo Infrastructure rose 1.7 per cent after hiring Michael Juniper, a founding director of AirTrunk.
Boss Energy dropped 3.3 per cent after announcing it had set a December deadline for a review of its flagship Honeymoon mine in South Australia.
PolyNovo dipped 1.1 per cent despite news its chairman David Williams has bought nearly $52,000 worth of shares.

Sumber : AFR