- ASX200 closed 0.26% lower on Thursday at 7335.90.
- Zip Co share price hit by PayPal removal of late fees & market update.
- Travel stocks plunge on Victoria?s snap five-day lockdown.
The Australian market closed 0.26% lower on Thursday at 7335.90 as fears of a looming lockdown in Victoria and growing COVID-19 case numbers along the East coast offset the best unemployment rate data since 2011. Healthcare stocks plunged 1.40% in today?s session to lead losses on the market.
The tech sector closed today in negative territory with Nuix falling almost 5%, Appen dropping more than 3% and Xero closing the day 2.8% lower?
Bitcoin has gained slight momentum this afternoon, trading 1.80% higher at US$32,530.34 at 4:45pm AEST.
Zip Co shares plunged a further 5.6% today after PayPal announced it is removing late fees and plans to undercut current provider merchant fees. Apple?s plans to enter the BNPL space also impacted Zip?s share price, along with Sezzle?s new partnership announcement today.
Making headlines, travel stocks tumbled in afternoon trade following the announcement of a five-day snap lockdown in Victoria amid a growing outbreak of the Delta COVID-19 variant in the state. Corporate Travel Management fell 3.5% while Webjet plunged 2%.
And Candace Parker has become the first female to feature on an NBA 2K video game cover as the 2 time WNBA MVP appears on the special 25th anniversary edition 2K22 cover.