- ASX200 is trading 0.41% lower at 7015.9 just after midday.
- Pro Medicus surges on $14m, 8-year deal with University of Vermont.
- Telstra hit with $50m fine by Federal Court for customer mistreatment.
The tech sector is tumbling today following the Nasdaq?s turbulent session on Wall St overnight. Xero is taking the biggest hit trading 7.55% lower, while Afterpay sheds more than 4% and Wisetech Global is down 2.67%.
The Australian market is trading 0.41% lower at 7015.9 at 1pm AEST as tech stocks weigh down the key index.
Bitcoin continues to plummet this afternoon in the aftermath of Tesla removing Bitcoin as a payment method, shedding 11% to trade at US$50,363.47 at 1pm AEST.
Australian-based healthcare tech company Pro Medicus is surging today after signing an 8-year deal worth $14m with the University of Vermont Health Network to provide a unified diagnostic imaging platform to run across the University?s network.
Making headlines, Telstra has been slapped with a $50m fine by the Federal Court in relation to its treatment of Indigenous customers in rural and remote parts of Australia. Telstra sold 108 individuals a phone plan they didn?t understand and couldn?t afford.
And an AirTag owner has used the tracking device to track a parcel across the UK in one of the many outrageous uses of the device, making the parcel one of the most expensive ever tracked.