ASX200 falls; Pro Medicus surges on $14m 8-year University deal; Telstra fined $50m

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.