- ASX200 is trading 0.12% higher at 7123.50.
- Tesla removes radar sensors from new Model Y and Model S cars.
- Auckland Airport takes a hit after NZ travel bubble with VIC paused.
The tech sector is charging higher today driven by a more than 5% gain for Nextdc, Wisetech Global surging more than 3% and Codan up more than 2%.
The Australian market has overturned morning losses to trade 0.12% higher at 7123.50 at 1pm AEST as gold miners and tech stocks boost the key index.
Bitcoin is increasing this afternoon, trading 2.72% higher in the last 24-hours at US$39,267.70 at 1pm AEST. Elon Musk took to Twitter again this morning explaining he likes Dogecoin because it has ?Dogs and memes? which has boosted the meme-crypto 4.32% to US$0.35.
ASX Deputy Chief Executive Officer Peter Hiom has tendered his resignation to further his interest in fintech and blockchain technology.
Tesla has started phasing out radar sensors in its vehicles in favour of the vision-only system to operate the functions in Autopilot mode. New Model Y and Model 3 vehicles headed for North America are being built with the use of cameras combined with machine learning to support the advanced driver assistance system and safety features, running against industry standards which normally run a combination of radar and visual sensors.
Making headlines, Auckland Airport is taking a hit today as investors respond to news of a pause for the Australia - New Zealand travel bubble over COVID-19 outbreak concerns in Melbourne. As Victoria?s COVID cluster grew to 15 today, NZ authorities are taking the cautious approach by suspending quarantine-free travel between NZ and Victoria for at least 72-hours.
And the Revolution Cooking R180 toaster has been labelled among the most TikTok?d gadgets as it features a touchscreen for perfecting a users? toast-making skills.