The Australian sharemarket has advanced at the open while a sell-off in big technology stocks spread from Asia back to the US overnight over worries about potentially higher interest rates by the end of the year.

Stocks fell on Wall Street as a sell-off in big technology companies spread from Asia back to the US over worries about potentially higher interest rates by the end of the year.

Stocks fell on Wall Street as a sell-off in big technology companies spread from Asia back to the US over worries about potentially higher interest rates by the end of the year.