The Afterpay Touch Group Ltd (ASX: APT) share price is down 4.4% to $12.27 today, with the decline being driven by a general market pullback.
In fact the benchmark S&P /ASX200 Index (ASX: XJO) is down 0.75% today, while the tech-heavy NASDAQ 100 index in the U.S. fell 2.22% overnight, after it finished last week Friday with another day of heavy losses.
AfterPay is a buy-now-pay-later consumer credit provider with a volatile share price due its reputation as one of the ASX's best tech growth shares that also sports a lofty price tag to match.
Much of the excitement over AfterPay in 2019 is based on its push into the giant US retail market which dwarfs the size of Australia that is a market it already dominates.
AfterPay has already signed up 900 retailers and some 300,000 consumers in the US, with A$115 million in sales already processed on a buy-now-pay-later basis.
The Afterpay share price could be one of the ASX's best growth shares in 2019 if it succeeds in its US mission.
