Business news

    ASX closes up; Microsoft ready to replace Google; Neuralink monkey games

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    Highlights
    • ASX200 adds 0.92% at 6824.60 for the third straight session of gains.
    • Microsoft pushes to replace Google in Australia.
    • Elon Musk?s Neuralink wireless implant controlling monkey minds.

    The Australian market has set a new 100-day high, closing up 0.92% to 6824.60 points, on the back of gains by big banks and consumer stocks.

    Both Domain Group and REA Group reached record highs during the session.

    The tech sector finished flat, with Afterpay weighing following new UK regulations and bank concerns over BNPL platforms.

    Bitcoin continues to surge, trading at US$36,501.56 at 4:30pm AEDT.

    Making headlines, Kia shares soared 14% to a more than 20-year high in South Korea following reports the car manufacturer is set to sign a US$3.6BN deal with Apple to build electric cars.

    In tech news, Microsoft has again boosted its chances of replacing Google as the search engine provider in Australia by today saying it backs the government?s media bargaining code as it "represents a fundamental step towards a more level playing field".

    And Elon Musk is taking monkey business to a literal level with his Neuralink wireless implant now installed in a monkey?s mind, enabling it to play video games simply through thought.

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