- ASX200 closed 0.5% lower on Thursday at 7464.60.
- IOUPay soared 10% on return to trade following myIOU update.
- A2 Milk shares rallied on decision to intensify Nestle trademark battle.
The Australian market extended its losing streak to Thursday, closing the day down 0.5% at 7464.60 as resources, metals and mining stocks faced heavy sell-offs.
The tech sector closed in positive territory again as strong gains for EML Payments, Appen and Wisetech Global offset Codan?s more than 8% fall.
Bitcoin is trading 2.3% lower in the last 24-hours at US$44,306.71 at 4:45pm AEST.
Digital payments provider IOUPay surged 10% today on its first session back from a trading halt, as the company provided an update on its BNPL offering, myIOU. The update reported $2.9m worth of purchases were processed through myIOU between July 1 and August 16, and 1492 merchants have signed up to use the service.
Making headlines, A2 Milk shares charged higher today as the infant formula and premium dairy company announced it is upping its efforts in a trademark battle against Nestle. A2 Milk is reportedly appealing the Australian Trademarks Office decision to side with Nestle over Nestle?s infant formula range containing the A2 protein. The decision by A2 Milk to ramp up its trademark battle comes at a time Nestle is rumoured to be considering a takeover of A2 Milk pending its FY21 results out next week.
And a Reddit user has shared her concerns of her boyfriend?s love of McDonalds and KFC after he ate 50 Maccas burgers on their first date, but he weighs just 68kg.