* Tech stocks close at over two-week low
* Treasury Wine marks worst day in over a month on China
* Three-day lockdown in Brisbane, Australia's third largest
March 29 (Reuters) - Australian shares slipped on Monday,
weighed by losses in technology shares, as Brisbane announcing a
fresh three-day lockdown raised fears of a slow economic
The S&P/ASX 200 index closed 0.4% lower at 6,799.50,
after gaining 0.5% on Friday.
Australian authorities announced a snap three-day COVID-19
lockdown from Monday afternoon in Brisbane, the country's third
largest city, as they attempt to stamp out an outbreak of the
virulent UK variant of the virus.
"The three-day lockdown in Brisbane for the coronavirus
outbreak we've seen there, which has the potential to spread to
New South Wales, took all the wind out of the sails today," said
Henry Jennings, senior analyst at Marcustoday Financial
"Governments are very quick to lock people down... and that
does sap confidence and does highlight that its not going to be
a straight line of recovery from the pandemic."
Technology stocks tumbled 2.8% to close at an over
two-week low of 1,930.50, with Afterpay shedding 4.2%
and Xero losing about 3.5%.
"It's been a pretty good quarter for a lot of these
(technology) stocks, so maybe there is some profit taking,"
Healthcare stocks finished down 0.8%, with CSL
slipping 0.8% and Healius losing 2.6%.
The energy sector was subdued, as oil prices slipped
after reports of the giant container ship Ever Given being
refloated in the Suez-Canal.
Meanwhile, Treasury Wine Estates fell 1.5% after
China's Ministry of Commerce imposed a combined 175.6%
anti-dumping and countervailing duty rate for its Australian
country-of-origin wine in China.
New Zealand's benchmark S&P/NZX 50 index gained
0.16% to finish the session at 12,368.13.
The top gainers on the index were Serko Ltd and
Meridian Energy, each adding about 3.5%.
(Reporting by Nikhil Subba in Bengaluru; Editing by Amy Caren