- ASX200 climbed 0.29% to another fresh record high at 7584.30.
- Hackers stole US$600m in possibly the world?s largest crypto attack.
- Insurance Group Australia shares hit by mixed FY21 results.
The Australian market continued its record rally into the midweek session closing the day 0.29% higher at a fresh record 7584.30 as the utilities sector surged just under 2% led by Origin Energy gaining 3.76%. The Commonwealth Bank also added $1.61 today to close at a record high $108.17/share.
The tech sector finished the session in negative territory as Megaport weighed down tech stocks with a 6.31% loss.
Bitcoin is trading 1.53% higher in the last 24-hours at US$46,196.72 at 4:40pm AEST.
Hackers have pulled off what is likely to be the world?s largest theft ever in the world of decentralized finance. The hackers exploited a vulnerability in the Poly Network and stole around US$600 million worth of cryptocurrencies. The Poly Network is a platform allowing users to swap and process cryptocurrency transactions across different blockchains, and in the attack hackers targeted Polyon, Ethereum and Bitcoin platforms.
Making headlines, Insurance Australia Group took a hit today after releasing full year results. For the 12 months ended June 30, IAG reported a 3.8% increase in Gross written premium to $12,135 million, and a 170% increase in cash earnings to $747 million. Investors sold out of IAG shares though as the company reported a net loss after tax of $427 million.
And US-cinema chain AMC continues looking for new ways to impress retail investors on Reddit by today announcing it will accept Bitcoin as payment for tickets and snacks, and it will possibly partner with fellow Reddit favourite GameStop on live gaming competitions.