Why is the WiseTech share price crashing 23% today?
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The WiseTech Global Ltd (ASX: WTC) share price has returned from its trading halt with a thud.
In morning trade, the logistics solutions platform provider’s shares are down 23% to $94.00.
Why is the WiseTech share price sinking?
There are a few reasons why the company’s shares are under pressure today.
The first is broad weakness in the tech sector driven by a disappointing night of trade on Wall Street’s NASDAQ index on Friday.
Concerns about economic growth in the United States weighed on sentiment and led to the NASDAQ losing 2.2% of its value during the session.
This has seen the S&P/ASX All Technology Index drop 3.9% in early trade.
Boardroom fallout
Also weighing on the WiseTech share price has been
