$A follows US tech stocks lower.

• From: AAP
• October 22, 2012 6:51AM

THE Australian dollar is half a US cent lower following sharp falls in US tech stocks on Friday.

At 0630 AEDT on Monday, the local unit was trading at 103.15 US cents, down from 103.67 cents on Friday.
The Nasdaq index fell more than two per cent on Friday, US time, after software giant Microsoft reported a 22 per cent fall in net profit for the 12 months to September.