jan 24 reuters  australian shares fell on monday in a sectorwide selloff dented by miners and technology stocks as investors kept a cautious stance following a lower finish in nasdaq amid fears of inflation and policy tightening by the us federal reserve the spasx 200 index axjo was down 07 at 71232 points as of 2331 gmt the benchmark hit its lowest level since last may all main indexes on wall street ended sharply lower over the weekend as netflix shares plunged after a weak earnings report that also weighed on rivals the techheavy nasdaq ixic lost 27 while the sp 500 eminis futures were up 04 investors are keenly focused fed meeting this week for more clarity on the us central banks plans to tighten monetary policy in the coming months back home australian tech stocks axij shed 25 to hit their lowest in more than eight months eml payments ltd emlax slid 34 to its lowest level since nov 24 the heavyweight metals and mining index axmm which led losses on the benchmark dropped more than 26 south32 ltd s32ax was down 81 in its worst intraday session since march 2020 after the diversified miner warned of potential coronavirusrelated impact from workforce restrictions at its flagship illawarra project in the second half read more regis resources ltd rrlax was the biggest loser on the benchmark as shares fell 157 to their biggest oneday percentage loss since march 2015 after the company slashed its fullyear outlook gold miners axgd followed suit losing 25 to post their worst session since jan 6 dragged by northern star resources ltd nstax down 31 energy stocks axej fell 14 on the back of weak oil prices with power producer origin energy ltd orgax losing 28 financials axfj also slid 14 hitting their lowest since dec 2 weighed down by a 16 slump in major lender australia and new zealand banking group anzax cancer diagnostics firm pacific edge ltd pebnz was the worst performer on the bourse down 74 hitting its lowest mark in eight months reporting by yamini c s editing by sherry jacobphillips