- ASX200 is 1.03% higher at 6899 after midday.
- Afterpay skyrockets 8% on US active customer growth.
- Think Childcare soars 33% on revised Busy Bees takeover bid.
The tech sector is soaring more than 3% today as investors dive into tech stocks following a strong session for the Nasdaq yesterday. Afterpay is skyrocketing over 8% today, while Codan is also up 8% to a record high $17.14/share.
A supercharged Monday on Wall Street has flowed over onto the ASX today with the markets rallying over 1% just after midday at 6899 and all sectors in the green driven by the tech stocks.
Bitcoin is steady today trading at US$58,817.49 at 1pm AET, up 2% in the last 24-hours.
BNPL giant Afterpay is leading the tech charge today soaring over 8% on the back of a US market update. The announcement on Afterpay?s website shared a 35% increase in new active customers to the platform on its bi-annual Afterpay Day sale, with US customers now topping 16 million.
Australian childcare company Think Childcare is soaring 33% today after receiving a revised takeover offer from Busy Bees Early Learning to purchase 100% of the company at $3.20/share, up 52% from its previous offer at $2.10/share. Alceon Private Equity is in a bidding war with Busy Bees over the Think Childcare takeover offers.
And LG has announced it?s exiting the smartphone market after years of struggling to compete with Apple and Samsung.