ASX200 dips; Sezzle hit by 10-Q report; ResMed rallies on AirSense 11 launch

The Australian market is trading lower again today, down 0.94% at 7511.10 after lunchtime as financial stocks weigh down the key index, led by Magellan Financial Group plunging almost 10%.

The tech sector continues to trade in negative territory for a second session as Computershare sheds 2.8% while Appen, Iress and EML Payments trade more than 1% lower each.

Bitcoin is trading 2.65% lower over the last 24-hours at US$46,470.70 at 1:30pm AEST.

US-based buy now, pay later provider Sezzle is taking a hit today after releasing its 10-Q report as part of its reporting obligations to the US SEC. Investors are disappointed with new information shared today in the 10-Q report, including a net loss of US$19.1m for the three months ended June 30, worse than the US$3.8m loss for the same period a year earlier.

Making headlines, ResMed is rallying today following the announcement of a new key product, its next-generation positive airway pressure device, AirSense 11, in the US. The device is designed to assist anyone with sleep apnoea by helping them ?ease into therapy and comfortable nightly use?. The new device also enables access to ResMed?s myAir patient engagement app and AirView remote monitoring for clinicians.

And Tinder is launching an ID verification process requiring government documents like a passport or driver?s licence for proof of identity in order to use the app in a bid to prevent cat-fishing and user?s creating fake profiles.