- ASX200 closed 1.9% lower at 6931.7 on Wednesday.
- Bitcoin plunges 12.89% to trade below US$40,000.
- Laybuy plunged on successful $35m capital raise for UK growth.
The Australian market?s green run ended today as the key index closed 1.9% lower at 6931.70, weighed down by big losses for the metals, mining and resources sectors.
The tech sector was dragged into the red by a near 45% loss for EML Payments following an update on the Central Bank of Ireland?s significant concerns over its Irish subsidiary PFS Card Services. On the other tech hand, Appen surged 18% and Nuix added 5.43% today.
Bitcoin is in free fall this afternoon, shedding 12.89% in the last 24-hours to trade below US$40,000 for the first time since February.
Buy now, pay later provider Laybuy took a hit today after successfully completing a $35m capital raise this morning at a 26.5% discount of 50 cents/new share. Laybuy will look to raise a further $5m from retail investors at the same price with all capital raised to help accelerate growth in the UK.
Making headlines, Westpac?s consumer sentiment data for May released today shows consumer sentiment has fallen 4.8% for the month indicating the Australian Federal Budget had no impact on consumer confidence in economic activity.
And Australia has become one of the first countries to receive Uber?s new subscription service ?Uber Pass?. The paid subscription includes discounted fares and $0 delivery fee from certain restaurants.