* Tech stocks record worst day in over two weeks
* BNPL stocks dip, Morgans forecasts weak earnings
* NZ closes first session of 2022 at over 2-mth high
Jan 5 (Reuters) - Australian shares reversed course after
reaching mid-August highs on Wednesday, as losses in the
technology and healthcare sectors were too heavy to be offset by
energy and mining stocks.
The S&P/ASX 200 index lost 0.32% to 7,565.8 by the
close of trade, having firmed 0.4% earlier to hit its highest in
nearly five months.
The tech sector lost 2.9% in its worst session in
over two weeks, tracking the tech-heavy Nasdaq index,
which lost 1.3% overnight.
Mathan Somasundaram, the chief executive officer of Deep
Data Analytics, attributed the Nasdaq's fall to rising bond
yields ahead of the release of minutes of the U.S. Federal
Reserve's last policy meeting.
The Fed had said last month it would raise interest rates at
least three times in 2022, which could result in capital
outflows from high-risk, high-growth sectors such as tech.
Xero Ltd, Afterpay and Wisetech Global
led losses in the sector and on the benchmark,
recording falls between 2.9% and 4%.
Buy now, pay later leader Afterpay and its smaller rivals
Zip Co and Tyro Payments, which fell 5.3% and
6.9% respectively, were also weighed down by brokerage Morgans'
forecast of weak earnings for the sector.
Healthcare stocks fell 1.9%, led by a 2.8% drop in
hearing device maker Cochlear, while biotech major CSL
shed 1.8%.
Meanwhile, mining and energy stocks advanced
0.4% and 0.8%, respectively, on strong iron ore and crude
prices.
Oil prices rose overnight after OPEC+, an organisation of
oil exporters, stuck to its plans to increase supply in February
on forecasting only a mild impact on demand from Omicron,
averting any last-minute surprises to the market.
New Zealand's benchmark S&P/NZX 50 index closed it
first trading session of the year with a 0.9% rise at 13,150.38,
its highest since late October 2021.
(Reporting by Harshita Swaminathan; Editing by Subhranshu Sahu)