- ASX200 is trading 1.94% lower at 6928.9 on Wednesday.
- EML Payments nose dives nearly 40% on Central Bank of Ireland update.
- Cettire surges on BNPL deal with Klarna for US and Aus shoppers.
The tech sector trading lower today dragged down heavily by EML Payments nose diving 39.51% today so far, while Appen surges 14% and Nuix is up 5.43%.
The Australian market is trading sharply lower today, down 1.94% at 6928.9 just after lunchtime with every sector trading in the red as the mining and resources sectors lead the downward charge.
Bitcoin has plummeted again this afternoon, trading 8.66% lower at US$40,874.66 at 1:30pm AEST after the People?s Bank of China re-stated that the digital tokens cannot be used as a form of payment. Bitcoin is now trading at its lowest level since early February.
EML payments is in free fall today, down nearly 40% at the time of writing after the Australian-based payments solution provider shared clarity on the Central Bank of Ireland?s (CBI) ?significant regulatory concerns?. EML said the CBI?s concerns relate to its Irish subsidiary company PFS Card Services? Anti-Money Laundering/Counter Terrorism Financing, risk & control frameworks and governance.
Making headlines, Australia?s largest luxury e-commerce website Cettire is surging today after signing a partnership deal with global BNPL provider Klarna. Under the deal Cettire will provide its Australian and US customers access to Klarna?s BNPL services through the site to enhance flexibility through options when paying.
And Google is also creating a smartphone camera for more accurately depicting a person?s skin colour to become more inclusive through bringing ?out natural brown tones?.