Business news

    ASX closes green; Douugh surges; Toyota invests in startups

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    Highlights
    • ASX200 closes 0.43% higher at 6739.60 points.
    • Douugh partners with Rakuten to increase app downloads.
    • Toyota invests in startups to refine everyday processes.

    The Australian market finished Monday?s session 0.43% higher at 6739.60 points as the gold miners boosted the key index.

    Tech stocks reversed morning gains to close the session down, with Afterpay and Zip Co trading at their lowest level in more than a month.

    Bitcoin remains steady, trading at US$50,522.42 at 4:30pm AEDT.

    Financial services provider Douugh surged 12% during today?s session after announcing a partnership with e-commerce giant Rakuten to increase app downloads and boost customer numbers.

    Making headlines, Toyota is investing in startups that have the ability to refine everyday processes to sharpen supply chain management. Silicon Valley-based Toyota AI Ventures has already invested in 36 startups, including self-driving car software firm Nauto.

    And Tesla founder and the world?s second most richest man, Elon Musk, lost US$27BN last week amid a Tesla sell-off.

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