Business news

    ASX falls at close; Bitcoin smashes record; Apple eyes flip iPhone

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    Highlights
    • ASX falls 1.12% on pending US Senate runoff result.
    • Bitcoin sets new record high at US$35,751.
    • Apple eyes future flip phone.

    The Aussie market slipped 1.12% at close today to 6607.1 points as investors await the results of the US Senate run-off in Georgia.

    Oil Search was today?s biggest winner, up more than 5% at close, while Megaport (down 4.72%) and Afterpay (down 4.49%) were amongst the big tech losers.

    Bitcoin has hit another record high after reached US$35,751. The cryptocurrency has grown nearly 15% in the last 24 hours.

    In tech news, Apple is reportedly set to bring the long anticipated foldable iPhone to reality in the near future, with the tech giant said to have asked manufacturer Foxconn to develop two prototype shells to test out potential future designs.

    And international tennis stars have been forced to find alternative hotel quarantine ahead of the Australian Open next month after 36 permanent residents at the Westin in Melbourne threatened Supreme Court action over COVID-19 health risk concerns.

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