ASX closed red; Imagion surged 38% on update; REX sinks on VIC COVID outbreak

The Australian market overturned morning gains to close the midweek session 0.32% lower today at 7092.50 as the Metals and Mining sector dragged down the key index.

The tech sector finished the session in the green boosted by a more than 5% gain for Nextdc, a 3% gain for Wisetech Global and a 2.8% gain for Altium.

Bitcoin is trading 3.88% higher at US$40,488.04 at 5pm AEST.

Australian-based medical imaging biosystems company Imagion surged 38% today after releasing an update on its MagSense HER2 breast cancer study. The company has enrolled its first patient into the Phase 1 first-in-human study. The study aims to investigate the use of a MagSense imaging agent to increase the accuracy of detecting a patient?s HER2 breast cancer.

Making headlines, Regional Express shares took a hit today alongside other travel stocks as the COVID-19 outbreak in Melbourne continues to gain momentum and a number of state border restrictions are being re-introduced.

And Google has been given the green light to build a multi-billion dollar mega campus in San Jose which will be the tech giants? first mixed-campus.