The S&P/ASX 200 Index (ASX: XJO) is having another poor session on Thursday. In afternoon trade, the benchmark index is down 0.3% to 7,500.7 points.
Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:
Image source: Getty Images
Arcadium Lithium (ASX: LTM)
The Arcadium Lithium share price is down almost 8% to $10.03. This has been driven by a similarly large decline from Livent Corp (NYSE: LTHM) shares on Wall Street during overnight trade. Arcadium Lithium is the result of the almost complete merger between Allkem Ltd (ASX: AKE) and Livent Corp.
Brainchip Holdings Ltd (ASX: BRN)
The Brainchip share price is down 4.5% to 16.7 cents. Investors have been selling this embattled semiconductor company's shares this week after it announced another capital raising via a new put option agreement. Brainchip is raising $12 million to ensure the lights stay on while it struggles to make any meaningful sales in a market dominated by tech giants.
Megaport Ltd (ASX: MP1)
The Megaport share price is down 2% to $8.82. This appears to have been driven by broad weakness in the tech sector today following another poor session on the tech-focused Nasdaq index. The Nasdaq index ended the session 1.2% lower. This was its fourth consecutive session of declines.
Northern Star Resources Ltd (ASX: NST)
The Northern Star share price is down 2.5% to $12.84. This follows further weakness in the gold sector after another pullback in the gold price overnight. This has led to the S&P/ASX All Ordinaries Gold Index (ASX: XGD) falling a further 1.7% this afternoon.
