- ASX200 is trading 0.41% lower today at 7597.30 on Monday.
- Webjet tumbles more than 4% on renewed lockdowns around Aus.
- A2 Milk shares soar 14% on reports of Nestle eyeing-off a takeover.
The Australian market is trading sharply lower today, down 0.41% at 7597.30 after lunchtime as a number of corporate earnings results released have disappointed investors.
The tech sector is following the general market lead today, trading lower as EML Payments slides more than 4%, Nearmap is trading down 2.79% and Nuix has fallen 1.71%.
Bitcoin is trading 1.26% higher in the last 24-hours at US$47,688.27 at 1:30pm AEST.
Online travel agent Webjet is tumbling today as lockdown introductions and extensions are announced around the country, dampening the current dire travel situation. The Northern Territory is heading into a snap 3-day lockdown from today as one new case of COVID-19 was detected in the state, while Melbourne?s lockdown has been extended and Sydney has reported 478 new infections. With travel on hold and borders tightly closed, Webjet and other travel stocks are in the firing line of sell-offs today.
Making headlines, A2 Milk shares are soaring almost 14% today amid rumours the premium dairy and infant formula company could be the target of a takeover offer. The Australian today reported that Swiss multinational food and drink brand Nestle has been keeping a close eye on A2 Milk and could propose a takeover offer after A2 reports its FY21 results on August 26.
And Reddit is the latest social media platform to introduce a short-video feature in a bid to compete with leading video app TikTok.