- ASX200 is trading 1.1% lower at 7094 at 1:30pm AEST.
- Hiremii plummets 22.5% on ASX debut after IPO raising $6m.
- Woolworths rallies on ACCC update on PFD Food Services acquisition.
The tech sector is nose diving today, trading 4% lower at 1:30pm as Nearmap sheds nearly 8%, Afterpay is down 7.31% and Appen is trading 4.81% lower.
The Australian market is trading 1.1% lower at 7094 at 1:30am AEST following a turbulent day on Wall Street overnight. Tech stocks are leading the losses today after the Nasdaq?s widespread tech selloff overnight while losses for Energy and mining stocks are also weighing on the key index. Investors will also be awaiting the outcomes of tonight?s federal budget.
Bitcoin continues to plummet this afternoon, trading 7.56% lower at US$55,028.92 at 1:30pm AEST.
Digital recruitment company Hiremii is struggling on its ASX debut today caught up in a widespread tech selloff. Following an IPO at 20 cents per share raising $6m, shares in the tech company have plummeted 22.5% to 15.5 cents per share just after lunchtime.
Making headlines, the ACCC provided an update requesting public consultation on Woolworths? proposed acquisition of 65% of PFD Food Services. Woolworths and PFD have offered a draft behavioural undertaking designed to maintain a degree of separation and independence between the two companies for at least three years to allow other market participants to continue working with each business independently.
And Elon Musk?s SpaceX has accepted meme-inspired cryptocurrency Dogecoin as payment to launch a satellite to the moon next year. In a tweet on Sunday night, Musk shared the news as well as SpaceX will launch ?DOGE-1 Mission to the Moon in the first quarter of 2022.