- ASX200 up 0.36% at 6814 points at midday.
- Afterpay falls after rival Klarna fundraises for US expansion.
- Employment Hero raises AUD$45M for global expansion.
The tech sector is leading the gains today as Xero, Wisetech and Technology One each climb over 3%.
The Australian market is up 0.36% at 6814 points around lunchtime following a strong session on Wall Street overnight and expectations of an interest rate hold at 0.1% after the RBA?s board meeting today.
Liontown Resources is soaring more than 17% after announcing positive drill results for its Moora Project in WA.
Bitcoin is trading steady at US$49,517.20 at 1:30pm AEDT.
Afterpay has reversed morning gains this afternoon following Swedish BNPL rival Klarna?s US$1BN fund raising to expand operations in the US. Klarna, which is backed by the Commonwealth Bank, has a post-fundraising valuation of US$31BN.
In the headlines, Australian HR tech company Employment Hero has raised AUD$45M for global expansion and growth into NZ, Southeast Asia and the UK, valuing the company at over AUD$250M.
And an 8-year-old American boy has become the youngest Fortnite player ever to sign an esports deal worth US$33,000.