- ASX200 closed 0.79% higher at 6766.80 points.
- Tabcorp dives on lotteries division demerger speculations.
- Little Green Pharma?s 4800 unit first shipment arrives in France.
The Australian market closed Friday?s session 0.79% higher at 6766.8 points, driven by the tech sector.
Tech stocks led the gains as Xero and Nearmap gained more than 4% each while Appen and Afterpay each added more than 2%.
The tech rally has been fuelled by decreased fears of inflation following RBA Governor Philip Lowe reaffirming rates won?t move higher until at least 2024.
Bitcoin is trading at US$57,216.82 at 5:18pm AEDT, up 2.99% in the last 24 hours. Ethereum is again riding on Bitcoin?s rally, as it also surges over US$1800 again this afternoon.
Tabcorp took a hit today after The Australian reported yesterday that it was mulling a demerger of the wagering and media unit from its lotteries division.
Making headlines, Qantas has begun trialling the CommonPass app to verify whether passengers have tested negative to COVID-19 or have been vaccinated before they fly internationally. A flight from Frankfurt to Darwin was the first to trial the CommonPass app for all homebound passengers.
And Southwest Airlines has reinstated Boeing MAX 737 jets to its fleet after the planes were grounded for 20 months following two fatal crashes.